Jerusalem UFO ‘almost certainly a hoax’
On Jan. 28, a light appeared over Jerusalem. Apparently guided by some form of intelligence, the light hovered high above the Dome of the Rock, an ancient Islamic shrine. It’s easy to jump to the conclusion that just because there are a handful of videos from different perspectives, that it must be real. Indeed, a common complaint aired by skeptics is that UFO videos are often shaky and one of a kind. For example: why would there be only one video of a UFO over a populated city?
In this case, the skeptics should be silenced; these videos appear to be from different parts to the city, shot by different people (apparently of different nationalities), of exactly the same event. Alas, the footage might be a little too good to be true.
Full story at Discovery News.

You are correct. This video is a fake. It is constructed from a still image with a light superimposed. What whould you do if the light suddenly shot up? You would follow it ith the camera. Unless the photo you were using would run out. As a previous said. The lights in video three are totally static.
However the other three videos out there I suspect are real (ie. cannot prove as fake).
Someone has put this fake video out there deliberately to be debunked. Something hapened out there.