How to solve MooTools & jQuery conflict?

Some page/site load both MooTools & jQuery file which result in conflict. As a result, some JavaScript function will not work and the page stays with no response. To solve this,

1. Install jQuery Easy plugin.
2. After installation, go to Extensions → Plug-in Manager and locate the newly installed plugin System - jQuery Easy.
3. Click on it to edit the plugin.
4. Set Status to Enabled
5. On the right-hand side, set the following.
   • Enable jQuery = jQuery
   • Version = jQuery v1.8 (latest version) (other versions can be tried).
   • Replace When Unique = Yes
   • Add When Missing = Yes
   • Strip No Conflict Code = Yes
   • Add No Conflict Code = Thru Script
   • Fix Document Ready = No
6. Other settings are set to default by the plugin.
7. Save and close the plugin.
8. Refresh the front-page to see if the issue is fixed.