Recently a software has made it easy to create hyper-realistic face swaps in videos that leaves little-to-no traces of manipulation, in what is known as “deepfake” videos. Scenarios, where these AI manipulated/generated videos, are used for political distress, blackmail or even terrorism are easily envisioned as a near dystopia. This paper explores the various aspects of deepfake videos including its consequences and newly developed innovations in detecting deepfakes.