There is nothing about this video that suggests that it is a hoax. This unknown object was recorded in Bulgaria a few nights ago. The one thing that stops your Out There editor from declaring this gold-standard genuine is that the YouTube poster regularly posts UFO video. While certain people are known to attract the attention of UFOs, it is unusual for a single individual to have so many sightings. Once or twice in a lifetime yes, but not every few weeks. Still, the video does appear genuine.

http://www.youtube.com/watch?v=tiSXu8E13Xw
Story Source:
http://www.huffingtonpost.com/2013/08/09/bulgaria-ufo-video-no-hoax-says-ex-fbi-agetnt_n_3721600.html?ir=Weird+News