What kind of effect is this?

[Penguino138]

Hey, I was watching a music video and noticed a cool displacement effect. Anyone have any ideas what effect or process was used to create this?

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The image has been put on a 3D plane (facing the camera), the surface of the plane has been displaced in 3D space. Of AE plug-ins at least Trapcode Mir and Freeform Pro are capable of 3D displacement based on footage, Freeform is better suited for the task, but either will work. Also, the RGB channels have been displaced by different amounts or animated separately from each other.