https://market.android.com/details?id=air.PhotoMagic

Description

PhotoMagic is a live photo creator. You can apply various animated effects like water ripple, water reflection, waving flag and fire with multiple settings. The final image (which is a live animating image) can be shared on Facebook, Twitter and email.

Samples:
http://cmc-apps.com/photomagic/sample/index.php
Demo Version:
https://market.android.com/details?i...PhotoMagicFree