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The video I shot is horrible I know, but it would be one hell of a fast moving lantern.
That is a perfect description of a sky lantern. As you say, your video is pretty useless but it could very well show a sky lantern.
In my line of sight (facing due north) it traveled upwards and to the left slowly over the period of about 5 minutes. Then it dimmed at a sudden rate and was gone from sight.