Re: Military Pilots - lame question.
Well, I got an e-mail back from a guy that knows about things like this. He said that from the video he could tell it was a US Block 30 variant of the F-16, and that the video was shot from the plane actually lasing the target (hence the blinking L right before impact). The video was thanks to a LITENING Pod on the belly of the aircraft.
He discounted my theory of another laser targeting system, since you wouldn't want two laser designators working in the same area so that the LGB wouldn't get confused. But he also wouldn't tell me what the drifting dot was.