It is possible to SkewTransform a video to make it look like a special effect from a Hollywood film. I made a video to demonstrate. I also made a quick explanatory video. As promised, here is the source code.
<Window x:Class="BrexitThisIsFine.MainWindow"
xmlns="http://schemas.microsoft.com/winfx/2006/xaml/presentation"
xmlns:x="http://schemas.microsoft.com/winfx/2006/xaml"
xmlns:d="http://schemas.microsoft.com/expression/blend/2008"
xmlns:mc="http://schemas.openxmlformats.org/markup-compatibility/2006"
xmlns:local="clr-namespace:BrexitThisIsFine"
mc:Ignorable="d"
Title="MainWindow" Height="450" Width="800">
<Viewbox Stretch="Uniform">
<StackPanel Grid.Column="0">
<Canvas ClipToBounds="True" Width="480" Height="330">
<MediaElement Canvas.Left="150" Canvas.Top="100" Width="240" Height="150" x:Name="foo" Source="C:\Documents\My Movie.mp4" >
<MediaElement.RenderTransform>
<SkewTransform x:Name="skew" CenterX="40" CenterY="50"/>
</MediaElement.RenderTransform>
</MediaElement>
<!-- Animate the video: -->
<Canvas.Triggers>
<EventTrigger RoutedEvent="Canvas.Loaded">
<BeginStoryboard>
<Storyboard RepeatBehavior="Forever" >
<DoubleAnimation Storyboard.TargetName="skew" Storyboard.TargetProperty="AngleX" From="0" To="360" Duration="0:0:50"/>
<DoubleAnimation Storyboard.TargetName="skew" Storyboard.TargetProperty="AngleY" From="0" To="360" Duration="0:0:50"/>
</Storyboard>
</BeginStoryboard>
</EventTrigger>
</Canvas.Triggers>
</Canvas>
</StackPanel>
</Viewbox>
</Window>