Multiple instances with revealing module pattern

At every project I'm asking myself which solution is better if I need multiple instances of an module.

1: Revealing module pattern:

var Module = (function () {

    var init = function () {
        $('[data-slider]').each(function() {
            $(this).slider();
            remove($(this));
        });
    };

    // always need current element
    var remove = function($this) {
        $this.remove();
    };

    return {
        init: init
    };

})();

Module.init();

2: Real multiple instances:

var Module = function () {

    var options;

    var init = function (data) {
        options = data;
        options.$this.slider();
        remove();
    };

    // $this is always stored in options
    var remove = function() {
        options.$this.remove();
    };

    return {
        init: init
    };

};

$('[data-slider]').each(function() {
    new Module().init({
        $this: $(this)
    });
});

In my opinion the second solution is much "cleaner" but I almost always see the first solution. Or is there something better for doing this? What are you using?