This shows what you can do with tweening. Rather handy function, it is.
The water ripple effect was done with a program called "Sqirlz Water Reflections." I saved it as image frames in jpeg format, and brought them into Ulead GIF Animator 5.
To see how to add the dragon, see the Advanced Tweening tutorial.
For a better look at this animation, click it to see a larger version in Shockwave Flash (.swf) format.