THE EARLIEST FILM EVER TAKEN OF ELVIS? WITH BUDDY HOLLY, CARL PERKINS, and JOHNNY CASH?

Lubbock Texas, 1955... This YouTube presentation states this clip taken by a fan may be one of the earliest films ever taken of Elvis.

October 6, 2007 update: Wes has identified the following people in this film clip:
Elvis, with Bill Black, his stand up bassist, to the right as you see the video, Scotty Moore "The Guitar That Changed The World," to the left, Carl Perkins, Johnny Cash (both appeariing dark), FERLIN HUSKY - a country singer who played on the Grande Ol Opry, and Buddy Holly. Bill Black was the first cousin of Bonnie Bosley (Underwood), one of Elvis' first girlfriends. Don't know who the person in the flowered shirt is.

Note: The person is Ferlin Husky...