THE truth is out there -- and it could be closer than you think.

A 10-minute video shot on the Gold Coast of a bright light in the sky has created a storm on YouTube, sparking fresh debate among UFO advocates.

Brisbane man Sean Coulter was "winding down" from a night of partying at Tallai with 10 mates about 4.30am on February 6 when he spotted the strange light.

The friends had hired an isolated property for a 21st birthday party and, after their big night, thought they were seeing things.

After watching the "strange light moving about" for 15 minutes, they decided to film it, capturing 10 minutes of footage.

"It was ... in front of the clouds and there wasn't a star to be seen, just this bright white light," Mr Coulter said.

"It was moving left to right and was only a couple of hundred metres away.

"The whole thing was really eerie. It was like it was watching us."