Via Select/All:

Snap Inc.’s Spectacles are a pair of video recording sunglasses that come in three different colors. [...] “When you slip Spectacles on and tap a button near the hinge, it records up to 10 seconds of video from your first-person vantage,” the report notes. Each time the wearer taps, a new video is recorded.

[...]

Priced at $129.99, the devices will have a limited release this fall.

These things look goofy as hell and, at only $130, will likely sell like hotcakes. I'm not totally sure this will be the case but the idea of locking your captured videos to a single app would be really disappointing. It'd be nice to be able to record and save to camera roll to share as you'd like.