It is a bear with a fish in it's mouth.
The Bigfoot Patterson 1967 film looks like a Blu Ray movie compared to this bear video...
It does look more like a bear than an elephant. I don’t even see the tusks.
Some of the biggest elephants in Africa can be seen in this video from Tembe Elephant Park; their ivories can’t be missed! http://www.youtube.com/watch?v=jauYrYsRIWQ&feature=related
Yup. It's not blurry enough to prevent their being a distinct flat fold to a single dimension at the contact between bear mouth and relatively large fish's tail. Can't be unseen.
It's a bear, but maybe it's a Giant Short Faced Bear. That would be cool!