This plugin allows you to mark content as featured and use the designation in your queries and via a template tag.
Very good, quick, seamless to setup and run.
I couldn't run the default WP_query layout as per codex documentation
<?php $featured_posts = array('is_featured' => 'yes', 'post_type' => 'event')?> <?php new WP_query ( $args ); ?>
but the snippet the author provided in installation/FAQ worked a treat. Thanks for sharing.
Nice, just what I needed.