If your question is: "What the hell is an hyperlapse? Some sort of Star Trek bullshit?!?". No is not, and Star Trek is cool, and the Warp Drive is actually studied by NASA.
Hyperlapse, using simple words, is a timelipse in movement, but not a simple slide, but actually moving, on a car. And while it could be something really complicate and time consuming to do, the guys in Teehan+Lax have made something really cool without moving from their chairs. They just used Google Street Maps, and they build this timelapse by simply using Google giant library of photos of street. The result is simply amazing.
You can find the detailed story on their website.