The carousel is used to feature posts from your site.
To use the carousel:
1. create some posts and put them all in a category say, “carousel”
2. Give each post a post image in the field below the content editor.
3. in theme options set carousel category to “carousel”
4. In theme options set whether you show image and content (before MORE tag) or just images.
USE THE MORE TAG in post content, to put teaser of appropriate length in text area of carousel.
The carousel only links to posts as you are asking, but by using a redirect plugin you can actually make it link to anything.