'Lake monster' filmed in Iceland ?

A snake-like creature has been filmed moving slowly through a frozen glacial lake in Iceland. Some believe the video to show evidence of the legendary Lagarfljotsormurinn, Iceland's answer to the Loch Ness Monster. In the video the serpent-shaped object appears to slink steadily through the icy waters, could this be a strange new undiscovered species or is there a more conventional explanation ?

source : www.unexplained-mysteries.com

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