Because of the way the bulges keep withdrawing into the central core, this does not appear to be balloons. But what is it? This is a well made video of a real unknown, and a very, very strange one.
http://www.youtube.com/watch?v=Yvdt4XlJjPY&feature=relatedStory Source:
http://www.youtube.com/watch?v=Yvdt4XlJjPY&feature=related