My Wordpress front page has both a featured article (styled inside a box) and a list of recent posts (styled separately). I want to display these recent posts using Wordpress loop excluding the featured post. It is easy to achieve excluding a certain category or a tag, but in my case I want to exclude a post with a custom field. The featured post has a custom field with a name and a value of: featured = yes.
How do I achieve this without using a plugin?