I have seen youngsters do that when they are aggitated, You where holding it in the video right? My guess (And this is only my guess and opinion) that its stressed out, and pissed off about being messed with, they tend to do this huffy, puffy bluff when they get mad.

If he is new, I would give him a chance to settle into his new enclosure, If you stress them out too much they tend to not feed regularly....
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Executive Reptiles
Amanda Kingsbury & David Kendrick
www.executivereptiles.com

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