custom-taxonomy.php

register taxonomy
add_action('init', 'wpshout_register_taxonomy');
function wpshout_register_taxonomy() {
    $args = array( 
        'hierarchical' => true,
        'label' => 'Awesome Taxonomy',
    );
    register_taxonomy( 'awesome_taxonomy', array( 'post', 'slider', 'awesome' ), $args );
	
	$args = array( 
        'hierarchical' => false,
        'label' => 'Awesome Taxonomy',
    );
    register_taxonomy( 'awesome_taxonomyq', array( 'post', 'slider', 'awesome' ), $args );
}

//display taxonomy
?>
<?php the_terms( $post->ID, 'topics', 'Topics: ', ', ', ' ' ); ?>