Charlie Bucket, created this beautiful sculpture where the intricate weaving with the use of colored fluids and what I believe to be bubbles/air pockets produce a hypnotic effect. Apparently, this is just a small prototype to what I hope is going to be a giant monster of an art piece that he'll have at the 2009 Maker Faire in San Mateo.
* I highly suggest to check out the HD version of this on Vimeo.
**And I think a sound warning is needed as TronStuck has suggested. Especially, for those of you wearing headphones.
More of his stuff here - Link