The lines or the color channel offset that looks like what you see when you cross your eyes?
What effect? I don't see anything special there, just some basic animation. If you mean the radial "ray" like stuff, then this could be a Bulge effect with strong settings or something similar.
Yeah, the effect I am referring to is with the rays beaming outword and forming the lines. I will experiment with Bulge and see if that may be it.