I came across this a couple of years ago. Very interesting to me because of the movie and the gulf beach development. We own a highrise beach condo in Gulf Shores, AL not far from Destin where this clip was filmed.
The first shot is of a B-52 in the top left flying over Destin Bay in 1964 I think.
The second shot is Destin Bay today from the same camera angle.
The third is a morphing shot from the first to the second.
This is a great example of why beach front home owners insurance is so high now!
http://www.mindlace.com/strangelove/