According to 1chriswarddproduction, the owner of the YouTube account, "We were filming some Promo videos and in post found out I caught somthing on tape. Let me know what you think it is. It almost looks to be coming from the water"
Tom Rose of the Examiner.com wrote the following:
A strange UFO, apparently rising from below the ocean waves near an unidentified beach, was caught on film by a professional camera crew making a promo video. What is it?
The video, created by Chris Ward Productions, catches a somewhat bizarre scene of a woman's legs lolling in a sandy beachfront. What they're trying to convey is anyone's guess, but what happens next is truly weird.
You might be interested in the rest of the report: Examiner.com.