Amazing octopus UFO filmed by child in Brazil

This amazingly clear video of a shape-shifting UFO was sent in to us by a reader. Allegedly it was filmed in Rio in Brazil by a child but we cannot confirm this. It is certainly a cut above your average UFO video and no one can accuse it of being nothing more than a fuzzy blob of light. The object begins as a ‘jellyfish’ shaped craft and then transforms into an ‘octopus’ UFO (watch the whole video for the full effect).
We have no idea if it is real (it sure looks real) or fake nor do we have any idea if it is already a well known video amongst UFO researchers. If any one does have any information on the video please contact us.
In Brazil UFOs have been declared real by the Air Force and the area is a hotbed of supposedly extraterrestrial activity. Many believe a UFO base exists in the Amazon Rainforest.

From the way the kids are talking appears to be genuine. There isn't any special info from the dialogues, just the usual mother: "oh my god", "it's beautiful", "it's changing", and the kids yelling to everybody in the neighborhood "it's a ufo (disco voador)!" and pissing of the mother to let him get the camcorder.