this is a preliminary post. I will follow it up with a full how-to. If I get a lot of interest from this post, I'll hurry up and post the how-to. For now, I'll post the video below and say this: I've seen the video around that claims to be a Chinese government official showing off some cloaking technology in the form of an 'invisibility cloak'. My first impression was that they used a green screen to achieve the effect. I proceeded to look it up on Snopes.com and they verified that it was, indeed, a hoax. and that they likely used a green screen (aka chroma key) like the one in THIS LINK. I took this as a challenge to see if I could do it and how long it would take.
I've been using the video editing software DaVinci Resolve for a couple of weeks and my knowledge of advance features is very limited. You can download and use it FOR FREE. It's just as powerful as its competition, so it's worth a look. I then looked up a tutorial video about how to use the green screen with the program. The video was 10 minutes long. I then filmed the following video which took me about 3 minutes. All in all, I probably spent 30 minutes researching, shooting, and editing to produce an effect similar to that which you can see in the popular chinese video...and with no prior knowledge of how to make it work in any video editing software. My grandpa always said, "don't believe everything you hear." Well, this now applies to video, too. Be skeptical.