1. Unzip the files.
2. Move the bluemasters_views_feature directory into you sites/all/modules directory.
3. Move the bluemasters_views directory into your sites/all/themes directory.
4. Enable the "Blue Masters Feature" module at your_url/admin/modules.
5. Enable and set default the "Blue Masters with views 7.x-1.1" theme at your_url/admin/appearance
You now have the "front page" content type. You add images to the home page by adding front page content. The title will display as the caption text and the image will be re-sized and cropped to fit.
By default all "front page" content will be included in the slider with the newest content appearing first. You can change the view to display a set number of items. There is a glitch that is noted at http://drupal.org/node/1128798 when you have move than 12 images in the slider.