Can someone please tell me what this video effect is calle

[mewlzilla]

http://www.youtube.com/watch?v=ry_30KhEEAg

At 0:33?

(and can the moderators please delete the thread I accidentally made in Video Editing Software, as I apparently do not have the authority to edit my posts)

[Animated]

On Vegas, you duplicate your clip and on the one above you lower the opacity - and make it move differently. Then, on the clip below, you add some Glow, it's on the plugins.