As much as I hate being the party pooper (
I'll leave that to CurrentlySober)...
http://en.wikipedia.org/wiki/Orb_(optics)
Orbs are also sometimes called backscatter, orb backscatter, or near-camera reflection. The effect is especially common to compact (point 'n shoot) digital cameras.
Orb artifacts are captured during low-light instances where the camera's flash is used, such as at night or underwater?or where a bright light source is near the camera.
The artifacts are especially common with compact or ultra-compact cameras, where the short distance between the lens and the built-in flash decreases the angle of light reflection to the lens, directly illuminating the aspect of the particles facing the lens and increasing the camera's ability to capture the light reflected off normally sub-visible particles.
The orb artifact can result from retroreflection of light off solid particles (e.g., dust, pollen), liquid particles (water droplets, especially rain) or other foreign material within the camera lens.
The image artifacts usually appear as either white or semi-transparent circles, though may also occur with whole or partial color spectrums, purple fringing or other chromatic aberration. With rain droplets, an image may capture light passing through the droplet creating a small rainbow effect.
In underwater conditions, particles such as sand or small sea life close to the lens, invisible to the diver, reflect light from the flash causing the orb artifact in the image. A strobe flash, which distances the flash from the lens, eliminates the artifacts.