The image is digitally manipulated by fragmenting it into horizontal lines and then combining lines from different frames in the display. The result is a distorsion of the figures caused by their motion in time, or, as Brazilian researcher Arlindo Machado calls it: chronotopic anamorphosis.
The last segment of the video is the coolest one, hit play or follow the link to the Vimeo video.
Link - via Furl
Author of Chronotopic Anamorphosis video and software: André Mintz
Marginalia Project group: André Mintz and Pedro Veneroso
Location: Belo Horizonte, Brazil - Thanks for the info, André!