This can also work for featured module.
In order to do that
open featured.php find :
Code:
<td class='alt2' align='center'><a href='showthread.php?t=$value[threadid]' title='$vbphrase[GARS_read_more]' style='text-decoration:none;'><img src='$value[image]' style='border-style: solid;border-color: #000000;padding:2px;' /><br /><strong>$value[title]</strong></a><br />$value[byline]</td>
and replace it with :
Code:
<td class='alt2' valign='middle' align='center'><table width='105' border='0' cellpadding='0' cellspacing='0' align='center'><tr><td width='105' style='background-repeat: no-repeat; background-position: center; background-image: url($value[image]); background-color: #000; '><a href='showthread.php?t=$value[threadid]' title='$vbphrase[GARS_read_more]' style='text-decoration:none;'><img src='$stylevar[imgdir_misc]/overlay-round.gif' style=';padding:0px;' border='0' /></td></tr></table><br /><strong>$value[title]</strong></a><br />$value[byline]</td>
Donot forget to upload the overlay-round.gif to your misc folder.