The forum search function is pretty handy.
Dolphins have been observed to create bubble rings by exhaling air... More» carefully in the middle of the vortices caused by the motion of their fins through the water, among other techniques. Besides being nice to look at (and a neat demonstration of fluid mechanics), this phenomenon also might throw some light on dolphin cognition, since the skill to create the rings is a bit subtle and tends to be taught from one dolphin to the next via careful observation and practice.
Dolphins are smart
Be sure to record yourself and put it on Youtube.