This transition mimics the appearance of changing from one slide to the next while stylizing your footage to give it a classic look.
These handy Carousel Transition presets make short work of changing the look and style of your effect's slide film frame. Find the presets via the blue Open Dashboard... button or the Choose a Preset... button below it.
As with all other Universe tools, you can modify or create a Carousel Transition look and then save it under its own name by pressing the Save Preset... button.