Oh. I remember reading some vision paper and in the supplement materials there've been a couple of videos with letters moving. Doubt, I'll be able to find it that easily.
Should be relatively easy to code with any library that can draw a text on a bitmap. Like PIL, matplotlib, etc. Use ffmpeg to make a video out of frames.
1. draw letters (just black/white) masks;
2. fill letters with noise;
4. fill background with noise;
5. copy letters using a mask onto background, using X,Y as loc;
6. add a little bit of new noise to letters;
8. modify X,Y coordinates (move letters SLIGHTLY);
9. go to step 4.