Slate.com: In 2012, a shaky video made it from the shores of an Icelandic lake to the international media, and now the majority of a 13-person panel says it shows a mythical sea monster. The panel’s motives have been questioned.
This video from 2012 apparently shows Iceland’s legendary Lake Monster, Lagarfljótsormur. Previously said to be an “ice caked fishing net”, the video has now gone in front of a 13 person panel and has been voted (7 vs 6) as the real deal. As mentioned in the article, the panel’s motives are likely to be an increase in tourism dollars from cryptozoologists and monster hunters.
Wikipedia: The Lagarfljótsormur, Lagarfljót worm, (or simply Iceland Worm Monster) is an Icelandic lake cryptid which is purported to live in Lagarfljót in Egilsstaðir. Sightings have been logged since 1345 and continue into the 21st century, and an origin of the creature is given in Jón Árnason’s collection of Icelandic folktales and legends published in 1862 and 1864.
While it certainly looks to be moving like a serpent, I have to side with the original ruling of not a river monster.