Optical Camouflage
Mike Siekkinen writes "This optical camouflage project is pretty interesting. It contains three videos demonstrating it in action. Basically they overlay a video projection of what the background behind the object to be camouflaged looks like. So if you were standing in front of a book shelf an image of the portion of the bookshelf you are blocking would be projected on to you. The results are probably better than you would expect."
Well you see, the trick they used in the James Bond movies was that /there was actually no car there/. It's generally a lot easier add an invisible car than to remove a visible one.
Yeah yeah, I'm being mildly sarcastic here. My point being that if you actually made the "Vanish" IRL the result would be more similar to what this guy has than to the the digitally processed movie.