Are all of our best scientists just working 24/7 on hoverboards?

Like so many other Internet videos, some fake and some real, this one is about hoverboards. Lexus announced that they've created one that actually works. It even has its own hashtag, #LEXUSHOVER, and it appears to be smoking, but in a good, cool way.

There aren't many details about the hoverboard, other than its positioning as a Hot Future Skateboard, but Mashable theorizes it might be magnetic or use quantum levitation. I'm also thinking maybe magic or fire jets.

Sources: h/t Mashable