Thanks to Senior Chief Sid Busch, USN Ret. Sonar Technician for finding this gem.  Sid served on the submarine USS Clamagore, currently moored at Patriots Point in Charleston, SC.  He volunteers as a tour guide on his old ship and miraculously still fits in his Navy work uniform. 

This video was coded by Richard Sullivan, of Hawaii, whose father filmed it as it unfolded on August 14, 1945.  Photographed on Kodachrome 16mm film along Kalakaua Avenue in Waikiki, the elder Sullivan captured spontaneous celebrations that broke out upon first hearing news of the Japanese surrender.