/**
 * Implements hook_library_alter().
 */
function {{ machine_name }}_library_alter(&$libraries, $module) {
  // Update Farbtastic to version 2.0.
  if ($module == 'system' && isset($libraries['farbtastic'])) {
    // Verify existing version is older than the one we are updating to.
    if (version_compare($libraries['farbtastic']['version'], '2.0', '<')) {
      // Update the existing Farbtastic to version 2.0.
      $libraries['farbtastic']['version'] = '2.0';
      $libraries['farbtastic']['js'] = array(
        drupal_get_path('module', 'farbtastic_update') . '/farbtastic-2.0.js' => array(),
      );
    }
  }
}