At first, this object could be identified as a small plane, but the configuration of the flashing light is wrong, even if the actual shape of the object is impossible to determine. Additionally, it cannot be a balloon becaue of the sudden move that it makes toward the end of the video. This object is unknown.
Story Source:
http://www.youtube.com/watch?v=Wf8EzKmzKnQ Dreamland Video podcast
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