This photo has been taken micro seconds before eruption of hot water Geysir in Iceland. The hot water spews out suddenly and goes to the height of 20-30 meters.
A burst of photo was taken by Lumix GF3, and the correct moment photo was taken. If you see carefully, white steam inside the bubble can be seen which is about to erupt with the hot water.
(since the required parameters are not available, I am pasting them here)
F/13, ISO 160 focal length -24 mm, 35 focal length -49
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