It looks like a UFO comes out of the water as the water splashes out reflects the light of the UFO.
MrMBB333 from YouTube who discovered the strange event, says: “This is very unusual and I am not sure even how to describe this. Appeared in the loop of Nov 17th, only that loop, no others. I've seen a few thousand of these loops over the years and not anything even remotely close like this.”
The area is over the Pacific Ocean between Hawaii and the United States, where the US Navy implemented a 'no fly zone' because of some kind of 'training' out in this area recently.