I wanted to try and do this ONLY in After Effects using ONLY the standard plugins that come with the program. I'm sure this could be used for a "Buffering" thingy, an eyeball, an element in some UI or GUI, I haven't decided, but I only spent a couple of hours on it.

Card Wipe, CC Bend It, Shatter and Ramp were used. An optical flare was thrown in for...flare.

I want to throw a shout out to Orestis Konstantinidis. He originally did this in Cinema 4D. It can be seen here: vimeo.com/35430285

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