The Lobo Para Military Christmas Special
 

I just found this video while browsing fan films and was blown away.

http://www.youtube.com/watch?v=t9ooZYjF0mI&search=Lobo

It doesn't appear to be a fan-film, but rather a real production(TV?), does anybody have more info on it?

Yup, I do. It was a film made by students in 2002. They got Andrew Bryanarski for the role of the main man and they didn't have to pay DC because it was a project for school. The movie was never intended to be released to the general public (like the Silver Surfer Film) but somehow made its way to EBay, P2P and now Youtube (which I still hate)

More info:
IMDB
Comics2Film

Thanks for the info!

I saw it posted on a website and advertised as a fan-film, but when I watched it I was totally blown away. That goes above and beyond fan-films. Even more professional looking than Collora's films.