I have the full Final Cut Studio 2 suite and I've been scouring the internet trying to find a clue on how to create this effect, but I don't know what key word search I should google; so I've been stuck fiddling around. Which is cool, cause I'm learning new things, but I thought I'd post a question for the first time and ask the experts.
Sorry the gif was too large to upload, and I don't know how to resize animated gifs; so here's the link to the effect I'm speaking about
Adjust Segment Angle to 360, and Offset Angle to 90. Then go the Properties of the clip and Rotate the clip 180.
That will get you the mirroring.
This filter will at least start you off in the right direction for creating the trail effect. You might need to rotoscope the actor, and place a clone of him/her underneath the main clip. The clone can then be colored blue or whatever you want, and the Trails filter applied there so that you only see the blue trails underneath the main clip which you would desaturate and color-correct get that dirty B&W.