It's fake. You can easily tell because the center of gravity is way off. Also, even when the water rocket is shooting water out the side, he keeps going in a straight trajectory.
In reality if those water tanks were on his back like that, his weight in the front would make him flip over frontwards. Also, a water rocket that had enough power to lift him off his feet straight up would accelerate pretty fast when going sideways, not make him slowly float across the water like that. This one's easy to spot.