This component can we easily used by placing the widgets in your screen or webblock at any place where it got sufficient space to display the hover effect.
Limitation: You cannot use more than 8 options in this widgets because of the design restriction but less than 8 will work fine.
Easy to use: either you can use your own static entity or custom list but should not exceed more than 8.
CSS: You can easily modify the background colour, font colour, menu colour by modifying common CSS available in widget web block.