First things first: I no longer believe anything I see on the internet. When I saw this video, all I could think of was the whole hoverboard fiasco from a few months ago.

With that being said, this appears to be the real deal. According to the AeroMobil website:

AeroMobil is a flying car that perfectly makes use of existing infrastructure created for automobiles and planes, and opens doors to real door-to-door travel. As a car it fits into any standard parking space, uses regular gasoline, and can be used in road traffic just like any other car. As a plane it can use any airport in the world, but can also take off and land using any grass strip or paved surface just a few hundred meters long.

The current flying car prototype AeroMobil 3.0 incorporates significant improvements and upgrades to the previous pre-prototype AeroMobil 2.5.

It is now finalised and has been in regular flight-testing program in real flight conditions since October 2014.

So, can we expect to see these on the road in the sky anytime soon? Most likely not, as there are still a ton of legalities they have to get past, as well as that whole "you have to be a pilot to fly it" business - but we are now closer than ever before!