I remember seeing this video vimeo.com/82400117 a few months back. After I watched Cinema 4D Advanced Production Techniques (vimeo.com/ondemand/c4dapt) I wanted to try the techniques on something, so I decided to try to recreate these hydraulics in Cinema. I eventually figure out one way to do it with a shader effector.
Cinema4D, V-Ray, After Effects
Edit: The music is gone!