Well this certainly doesn't look like simple chem trails we're all used to. The man filming can be heard saying how he thought the object was coming towards him but he second guesses himself thinking it might be headed away. If only the guy had been a little faster getting the camera ready (not complaining here at all) so we could see what caused this weird light show in the sky. Maybe a meteor?
I have my suspicions that this is fake for sure, the whole thing looks wonky to me and 12 year olds are gettign real good at AfterEffects these days so who knows.