Well typing painting elephant into google yields our answer.
Urban Legends Reference Pages: Elephant Painting
The video is real but the elephant has been trained to reproduce this specific image. He doesn't understand what he's drawing and can't draw other things. This is evidence of superior training more than intelligence .
Well I agree with you Jsarno that certain animals our more intelligent than we realize, dolphins for example, I think the ability to create and appreciate art is as uniquely human as it gets.