This is full on, and one of the coolest tricks we've seen in a long time - Check it out at 0:48 - called the Penguin Walk. There's also some powered mobes and other insane stuff - it's an awesome video. 

If you cant work out what's going on - (and lets face it, it's not easy), here's a how-to from Mark Jacobs himself:

"It is the same as for jesus walk - you need to come in super fast, kite at 11-o'clock to start so its just holding you. then transfer you weight on the nose and tail of the board takes a while to get a timing. you will no when you have it it will feel right. then when you slow down to much when your at the point of sinking you can loop your kite and do a transition or keep going same way this depend on when you loop the kite."

Check it out - and tell us (and him) what you think in the forums.