I see two white blobs falling towards the ground.
Fullscreen the video and watch it from 1:25 - 1:38 a few times.
Take two folded white towels or other cloth, throw them and watch what happens after you release them, that's what it looks like to me.
Check out the Laissez-Faire Journal at LFJournal.com
"The State is a gang of thieves writ large." - Murray Rothbard