Interesting Italian UFO photo

This object appeared in Northern Italy recently. The video was posted on March 3, 2013. They have done enough work on the photograph to make it clear that it isn't a bird or a plane, and probably not a known object at all. (As always seems to be the case, the added music track is a grave mistake, but watch it with the sound muted and it's quite interesting.)

Source: unknowncountry