iHologram - iPhone application from David OReilly on Vimeo.
This is David O'Reilly's iHologram
Using anamorphosis which is another word for magic and the iphones gyroscopes he has created a character that when viewed from a 35 to 45 degree angle appears to be making a break for the real world.
Got to be the best (showing off) application for the iphone right now.