Carb cycling makes a lot of sense when you think about it.
Most of us eat pretty much the same way every day — similar foods, similar amounts, similar timing. As a result, other than the occasional cheat meal, it would be hard to distinguish one day from another. The problem with this is that if you don’t vary your daily calories, you will end up overfeeding yourself on the rest days or the days you are training light, and at the same time underfeeding yourself on your hardest training days. Luckily, you can get the best of both worlds with carb cycling. With this approach you will fuel your body optimally on your hardest training days, but restrict calories and treat your body as if it's in a cutting phase on the days you don't need the excess energy.
Here is an article I wrote on how to set up a carb cycling diet for fat loss. It contains a full sample meal plan:
http://www.evolutionary.org/cycling-carbohydrates?cx=005487129810020188099%3Ahpn2ex1cz6m&cof=FORID%3A11&q=