Using an Application called Video Live Wallpaper you can set any of your video as Live wallpaper.
You need your own video to make this live wallpaper useful. Please see the app's help and visit the app's website to learn what formats are best and to get sample videos.
Live wallpapers DO NOT OPEN! Visit your wallpaper settings to use this live wallpaper. See the website if you want to learn how to do this.
Video Live Wallpaper