I have created a bit of image animation with the Transfer effect of jQuery UI. By animation, I just mean fade in and out. But the transfer effect makes it so beautiful :).
The Transfer effect can be used with effect() method. This Transfers the outline of an element to another element. Very useful when trying to visualize interaction between two elements.

I have made a very simple jQuery slideshow. When you click the play button, then the images changes with fade in and fade out effect.
View Demo || Download Code