I couldn't capture directly from screen, but I hope this camcorder footage captures the problem accurately for diagnosis.
http://www.youtube.com/watch?v=a3AKZMNm4Pw
The problem only started within the last few hours, but unfortunately, I have changed several mods within those hours:
OBGEv2 Core and Shaders
OBGEv2 Liquid Water
ENB Series
DarkUI Darn
Replaced OBSE 0018 with OBSE 0020
However, the problem has also occurred after I've uninstalled ENB series. Additionally, when the support Plugin and Water esp's are disabled, the problem still occurs. I do not know if there is anything else I need to deactivate in the meantime.
As a small aside, I also cannot see the misc item to control the support plugin in my inventory Or my COBL menu. I have double checked that I have the latest version of COBL and that both my OBGE.ini is NOT using shaderlist.txt (which doesn't even exist)
I hope you guys can help me because I'm completely lost. I'll be happy to post any further info you ask me for. Thanks.