I found this by accident but I loved it. It relates to the use of LEDs and how it can be projected to a certain degree of realism. In this case, it focuses on how holograms are formed through the intertwining of certain degrees of light, forming an image possessing the illusion of perspective depth that is motivated by our natural binocular vision. I see it as a more independent version of the 3-D glasses effect (like in Chicken Little movie). The thing that makes this installation unique is the fact that it’s placement is in a more naturalistic setting, using nature’s water element as it’s screen, making it more visually realistic to the public (e.g. It’d be way less interesting if the same installation was presented in a gallery with walls under a building on a swimming pool instead of Nessie’s more natural habitat).
Unfortunately, I can’t give a more detailed explanation besides that it is a 3-D hologram made by projecting the image on a big water screen (water from the bay is being constantly sprayed upwards). The installation was performed in Japan’s Tokyo bay. The home site youtube linked is one with foreign language (Spanish I think) and I can’t find the main japanese site that this project was published on (not that I would understand it anyways).