UFO Crash at Flagler Beach Update

I previously wrote about the crash the occurred at Flagler beach on the 28th of July, 2011. I've recently found a news post from the local news covering the story on youtube. You can scroll down and see the video.
The official explanation originally was chinese lanterns were falling from the sky. This video goes further into detail. My question is, how do chinese lanterns crash to the earth in a giant fireball seen by dozens of folks? Also, I doubt that would even remotely begin to look like an airplane crashing from the sky! Dozens of folks, just like the reader that commented on my first post, saw this object streak across the sky and crash into the ocean. The police department was flooded by calls after 11pm and even 25 members of the United States Coast Guard saw something crash that night.
The USCG is considering giving the area a second pass to look for wreckage. Then again, who is to say they haven't already "unofficially" swept the site for wreckage. Usually, though, in these cases it's the USNAVY that holds the trump card and manages to handle recovery of anything. Whatever the case, one thing is evident: things are not as they appear in the quiet little town of Flagler Beach.

UFO Crash off Flagler Beach last night: July 27th 2011

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                                                                           !!!UPDATE!!!
Just received a great comment from  LPaskalakis. A helicopter was seen chasing this object. Thanks for the Comment! Anyone else with more information on last nights events please feel free to comment below.
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Last night the good people of Flagler beach were given a show in the sky last night. They thought they were witnessing a plane crash into the Atlantic and in their panic they called emergency services. The United Sates Coast Guard was dispatched to search for a plane, wreckage, and survivors, however, they found nothing. Radar reported no birds in the air in the vicinity at the time.

The official story: A Chinese lantern crash landed into the Atlantic.

This is a total crock if I've heard one. Chinese lanterns are like hot air balloons and gracefully descend as they run out of fuel and heat - they don't fool the public into thinking an aircraft is crashing.

Flagler beach, FL might well be experiencing its own Shag Harbor at this very moment!
What's interesting is that Flagler beach is very close to the Space Coast (where NASA's Kennedy Space Center and Patrick AFB launch vehicles into space).

This isn't being made very public in Florida, so the word needs to get out.