This video won the 2010 Vimeo award for "Best Experimental Film." Creator Chris Beckman's explains:
Somewhere between a visual mixtape and a postmodern virtual travelogue, "oops" – a ten-minute art video composed entirely of appropriated YouTube videos, seamlessly stitched together via a motif of camera drops... This abstractly voyeuristic portrayal of an ever-filming generation (who won't let the transcendence of being in A Moment inhibit their document-everything impulse) presages a future where every moment of our existence, from the mundane to the sublime, is preserved and catalogued for all to see.
Vimeo link. Vimeo award winners.
Plus, it seems that camcorders exist so that clumsy people will drop them, forcing the purchase of new camcorders. Growth industry!