Digieffects Delerium, or some other package of theirs, has a plugin for AE and PP1.5 called “Quake”. It vibrates the video vertically and/or horizontally at various degrees based on user settings. That, combined with the previously stated keyable movements, should produce a reasonable emulation of the fightclub effect. However, the effect in the movie uses several layers of video (3 or 4). If you use AE you can add motion blur to the movement to give it a more “music video” look (if that’s what you’re going for).
P.S.
If you think keying the frames of an effect like this is tedious, try your hand at rotoscoping 12,000 frames of non-greened video.
