Flying Objects and Bug Eyed Monsters?

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What are you thoughts on such things as Unidentified Flying Objects and Bug Eyed Monsters? Do they exist? Have you seen some? Or is it just a bunch of hooey! I personally have seen a U.F.O. It was in June of 2005. Driving home in the sunny afternoon close to 4:30 pm, I happened to look out my driver side window and saw a long silver cigar shaped object slowly wobbling above the tree tops about a mile from me. It wasn't a plane or jet, nor was it a blimp. This object seemed to see-saw back and forth as it moved along in the sky. It moved slow enough that I could watch it for about 3 minutes before it went beyond my viewpoint. Was I scared? No. I was at peace knowing that I'd seen something I'd only read about through other peoples accounts. Since it was full day light and no wind was blowing, the sun behind me and a clear view from my location, I knew what I was seeing was not of this world and for the first time in years I felt like I'd seen something wonderful. Almost like a kid seeing Santa Claus on Christmas Eve. That's what it was like.