The picture in question can be found here: http://img526.imageshack.us/img526/5469/1249263329950b.jpg
2009-08-04T10:06:25Z
I'm fairly certain it's an elaborate costume (rather than Photoshop), and I think I've even seen other pictures of the subject in that costume, but if there's a story behind this I haven't heard it.
Please provide links to any sources you find.
Anonymous2009-08-04T12:03:58Z
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No, it appears to have been pasted in, rather than a real photo with a costume. Notice the dark outline around the shark body? It clearly isn't from an unedited picture.
Wow that's bizarre and awesome! It's hard to tell from just the one photo, but I agree: it looks like a really cool costume. How did you come across this? I wouldn't mind seeing more images.