The most realistic sound you will ever hear! Check it out!
Ok go this site and listen to the virtual hair cut. YOU NEED HEADPHONES FOR THIS OTHERWISE IT WILL NOT WORK!
Also, close your eyes.
Its called holophony, or a holophonic sound recording.
Its recorded using a boom mic stand which resembles a persons head, with two microphones in the ears. Thats all that is needed to create this. The rest as 'Luigi' mentioned is done in your head :D
http://www.neumann.com/img/photosGra...ms/KU100_Z.jpg
Georg Neumann GmbH - Products/Current Microphones//