Mysterious Levitating & Wirelessly Powered Light Bulb

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Here is brain scratcher for me, I have no idea how this works and if it is even possible. Its made by an MIT student so I do not imagine he tried to be some kind of impostor. The light bulb is levitating between two magnets and seems to be powered wirelessly. Is this possible? Some please educate me. VIDEO->

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3 Comments

  1. Greg December 10, 2007
  2. MistaPrimeMinista December 10, 2007
  3. Fanta December 17, 2007