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Real!<br /><br />http://www.youtube.com/watch?v=q73-GaRWdz0
It's difficult to see surrounding detail, so scale can't be assessed, but my first thought was someone's walking around with a lantern. It hangs very low over the ground and the brightness peaks and troughs as in a good walking rhythm.
terry the censor, that´s the OCEAN.
That's water? Wow. It looks like someone's backyard, edged by forest. That's some bad video quality.