(function($){
$.fn.vTicker = function(options) {
	var defaults = {
		speed: 2000,
		pause: 4000,
		showItems: 1,
		animation: 'fade'
	};

	var options = $.extend(defaults, options);

	moveUp = function(obj, height){
		obj = obj.children('ul');

			first = obj.children('li:first').clone(true);
			obj.animate({
				top: '-=' + height + 'px'
				},
				/* callback */
				options.speed, function() {
					$(this).children('li:first').remove();
					$(this).css('top', '0px');
				}
			);
		
		if(options.animation == 'fade')	{
			obj.children('li:first').fadeOut(options.speed);
			obj.children('li:last').fadeIn(options.speed);
		}

		if(options.animation == 'implode')	{
			obj.children('li:first').fadeOut(options.speed*2);
			obj.children('li:last').fadeIn(options.speed);
		}

		first.appendTo(obj);
	};
	
	return this.each(function() {
		obj = $(this);
		maxHeight = 0;

		obj.css({overflow: 'hidden', position: 'relative'})
			.children('ul').css({position: 'absolute', margin: 0, padding: 0})
			.children('li').css({margin: 0, padding: 0});

		obj.children('ul').children('li').each(function(){
			if($(this).height() > maxHeight)
			{
				maxHeight = $(this).height();
			}
		});

		obj.children('ul').children('li').each(function(){
			$(this).height(maxHeight);
		});

		obj.height(maxHeight * options.showItems);
		
		interval = setInterval('moveUp(obj, maxHeight)', options.pause);
	});
};
})(jQuery);