In this case, sadly no shrink-ray was used. Instead, we are witness to the magic of bent light and digital imaging in the hands of Australian photographer Keith Loutit. Using a tilt-shift lens effect, these time-lapse images of Sydney harbor appear to be the most incredible boat models ever. They are great fun to watch, with great music too. Watch them embedded here, or follow the links directly to Vimeo to watch them in HD. As a side, these are great lessons in the kite-like movements of boats at anchor in a wind or current.
Thanks to Cult of Mac for the link.