Arrow1,
as far as I know it should, but not tested it for animations :)
it relies just on the terrain being:
a) Not viisble ot render
b) working with a water material that has a foam effect triggered by an object underneath it.

So it should work, I believe.

Macmondo,
cheers bud! :)
WIll try, and more tuorialsl to come ;)

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