Balloon vs. UFO Debate Continues -- The Video!

5/19/2009 4:30 PM PDT BY TMZ STAFF
We just got video of the object that was spotted hovering over Arizona and New Mexico yesterday -- NASA says it's a giant research balloon, but locals aren't so sure.

UFO: Click to watch
Watch the clip from our friends at Ye Olde UFO Store -- and see if it changes your opinion.