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. 

On August 14, 1945, it was announced that Japan had surrendered unconditionally to the Allies, effectively ending World War II. Since then, both August 14 and August 15 have been known as "Victory over Japan Day," or simply "V-J Day." The term has also been used for September 2, 1945, when Japan's formal surrender took place aboard the U.S.S. Missouri, anchored in Tokyo Bay. Coming several months after the surrender of Nazi Germany, Japan's capitulation in the Pacific brought six years of hostilities to a final and highly anticipated close.

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.

3 1/2 minute video