Hey guys, the noob of the night is here with a possibly retarded question.
First off, not too sure if this is the right section, but I really couldn't find one that was any better.
Now for the question: this video right here (also embedded below) has an effect I really like, that is very heavily used from around 0:30 to the end. It is on beat with the song, and it seems to separate the colored channels of the video and spread them vertically. I'm sure this isn't the most technically sound explanation but I did the best I could with the words that came to mind this late.
Quick replies would be great, since I'd like to finish my little video here before the end of the night. Thanks in advance everyone
EDIT: I have After Effects CS5, so an AE effect would be preferred, but even just the general name of it is very helpful to me.