LulzSec was a major ticket item last year as the group hacked a number of high profile Web sites all in the name of the “lulz.” After their so called “50 Day Cruise,” the group broke up and went their separate ways.

LulzSec has been a hot ticket item in the news again recently as many of its members had been arrested and its leader, Sabu, had been working with the FBI for months. In response to the betrayal and arrests, Anonymous began to attack various Web sites to prove they didn’t need LulzSec to be effective.

A YouTube video uploaded Saturday called “LulzSec Returns” points to the group getting back together. The video was uploaded by FawkesSecurity, a user who uploaded various other videos on Saturday. They all point to a single movement called Project Mayhem 2012.

A pastebin entry on the subject defines Project Mayhem as a movement to destabilize the status quo. It will be used to collect and distribute leaks on major governments and corporations. They want to make it an artistic-based, non-violent movement that works around the law to bring about social change.

Where does LulzSec fit into all of this? I’m not sure, but the video announcing its return says that they will be hacking governments, corporations and everything else. It fits right into the core mission of Project Mayhem, so we’ll just have to wait and see.

Some members within Anonymous question the validity of the video. They are saying it’s a rip-off or a copycat group. That’s entirely possible, but if they can pull off the same level of hacks that LulzSec did last summer then it might be worth keeping an eye on.

There’s also been a Twitter account created called LulzSec Reborn. I’m sure that many Anonymous members are not so trustworthy anymore after the betrayal of Sabu. After all, this could be a second FBI sting. We just don’t know.

@wesleypipes12 @lulzboatr @youranonnews @anon2world @canc3r_ @Vox_Anonymous LulzSec died after their 50 day cruise

— Discordian (@DiscordiAnon) March 19, 2012

Here’s the video. It’s up to you to decide whether or not LulzSec is back or if this is just a rip-off, copycat or even a new FBI sting. I’m sure more will be revealed in the coming days.