I'e seen things like this before in the past, but it always makes me smile. See how the rubber is already gone and what not and the water retain the shape of the balloon for a brief period of time?
high speed cameras are definitely fun to watch. There is a whole compilation of high speed videos of bullets hitting stuff and balloons breaking floating around youtube.
Dang that is awesome. I have tried something similar with a sound trigger that activates strobes. ALthough I have yet to attain that type of quality yet