function Owl(element, options) {

		/**
		 * Current settings for the carousel.
		 * @public
		 */
		this.settings = null;

		/**
		 * Current options set by the caller including defaults.
		 * @public
		 */
		this.options = $.extend({}, Owl.Defaults, options);

		/**
		 * Plugin element.
		 * @public
		 */
		this.$element = $(element);

		/**
		 * Proxied event handlers.
		 * @protected
		 */
		this._handlers = {};

		/**
		 * References to the running plugins of this carousel.
		 * @protected
		 */
		this._plugins = {};

		/**
		 * Currently suppressed events to prevent them from beeing retriggered.
		 * @protected
		 */
		this._supress = {};

		/**
		 * Absolute current position.
		 * @protected
		 */
		this._current = null;

		/**
		 * Animation speed in milliseconds.
		 * @protected
		 */
		this._speed = null;

		/**
		 * Coordinates of all items in pixel.
		 * @todo The name of this member is missleading.
		 * @protected
		 */
		this._coordinates = [];

		/**
		 * Current breakpoint.
		 * @todo Real media queries would be nice.
		 * @protected
		 */
		this._breakpoint = null;

		/**
		 * Current width of the plugin element.
		 */
		this._width = null;

		/**
		 * All real items.
		 * @protected
		 */
		this._items = [];

		/**
		 * All cloned items.
		 * @protected
		 */
		this._clones = [];

		/**
		 * Merge values of all items.
		 * @todo Maybe this could be part of a plugin.
		 * @protected
		 */
		this._mergers = [];

		/**
		 * Widths of all items.
		 */
		this._widths = [];

		/**
		 * Invalidated parts within the update process.
		 * @protected
		 */
		this._invalidated = {};

		/**
		 * Ordered list of workers for the update process.
		 * @protected
		 */
		this._pipe = [];

		/**
		 * Current state information for the drag operation.
		 * @todo #261
		 * @protected
		 */
		this._drag = {
			time: null,
			target: null,
			pointer: null,
			stage: {
				start: null,
				current: null
			},
			direction: null
		};

		/**
		 * Current state information and their tags.
		 * @type {Object}
		 * @protected
		 */
		this._states = {
			current: {},
			tags: {
				'initializing': [ 'busy' ],
				'animating': [ 'busy' ],
				'dragging': [ 'interacting' ]
			}
		};

		$.each([ 'onResize', 'onThrottledResize' ], $.proxy(function(i, handler) {
			this._handlers[handler] = $.proxy(this[handler], this);
		}, this));

		$.each(Owl.Plugins, $.proxy(function(key, plugin) {
			this._plugins[key.charAt(0).toLowerCase() + key.slice(1)]
				= new plugin(this);
		}, this));

		$.each(Owl.Workers, $.proxy(function(priority, worker) {
			this._pipe.push({
				'filter': worker.filter,
				'run': $.proxy(worker.run, this)
			});
		}, this));

		this.setup();
		this.initialize();
	}
Creates a carousel.
@class The Owl Carousel.
@public
@param {HTMLElement|jQuery} element - The element to create the carousel for.
@param {Object} [options] - The options