Just found this thread, afraid I haven't been checking this forum much lately. But I can easily believe it's a real aircraft.
1. The camera is on higher ground than what's under the plane, which makes it appear lower than it is. I'm guessing he was never below 200ft. Camera's are notorious for distorting perspective, a fact Hollywood uses to their advantage.
2. I've seen military planes that low many times in my life. Lots of C-130's. A B-52, and even a C-141 that had to pull up to make a turn so as not to hit a low wing tip.

Some friends of mine have a cabin on a river adjacent to one of the airforce's ranges here and they have some really impresive stories. Including fighters coming up the river dodging treetops then doing a cobra roll over the ridge to enter the range.
Once in Wyoming I was fishing in my little boat in a small resivoir when I heard a C-130 approching, but could not spot him. Suddenly it popped up from behind the dam (which is only 50' high) and proceeded across the lake at under 100' and continued up the valley at that low altitude.
Also, at Gernsey State Park in Wyoming, the National Guard Hercs regularly practice radar avoicance down the canyon (at least they did 20 years ago). It's pretty impressive to stand on the top of a canyon and watch a flight of 4 hercs in trail flying below you!
The C-141 was coming staight at my house, nap of the earth, pulled up slightly to turn and dropped down out of sight into the nearby river valley.
My point being that in sparsely populated areas the military frequently practices low level stuff.
Phil