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A Bit Random, Perhaps?
Original video
A Bit Random, Perhaps? (a.k.a. A Bit X, Perhaps?) is a fad started by Kyoobur9000 on November 26, 2010.
Process[]
In the original video, the Walt Disney Home Video logo would begin playing like normal, but at 0:02 it turns into a flashy stutterloop with a wave effect applied. After the stutterloop, the logo becomes rainbow, along with bubbles containing the logo rising.
In the fad, a specific effect is applied to the stutterloop, such as Chorded, but also custom effects like Awesome. Sometimes, an extra edit is applied to the bubbles part.