"June 4, 1965 Mr. Privalov Valentin military pilot on this aircraft overflew a central span of the bridge over the river Ob. The day was hot sunny mostulyudi on the beach on the shore filled with vacationers, among whom were officers of the district headquarters, and suddenly the roar of the aircraft and the silver arrow rushes in front of everyone under the bridge, then suddenly soaring upward, lifting the huge wave of the Gypsies. The distance between the supports of the bridge 120 m, height 30 m span aircraft went into this "window" at the speed of 700 km / h At that speed, even a slight touch of the control knob changes the pitch of the aircraft by the meter. Airplane flying just feet above the water surface. The circumstances were complicated by the fact that only at a distance of 950 meters from the Municipal bridge downstream of the railway bridge ZapSib major highway and it took part. The pilot was only 5 seconds to catch soar up without hitting the bridge. Privalov threatened the tribunal, but the then Minister of Defense Marshal Malinovsky decided to keep the pilot in the ranks. Privalov, then served in Kubinka."

Story is found here:
http://foto-history.livejournal.com/4158576.html
and here:
http://www.itmexpo.ru/en/rr/Siberian-Federal-District/Novosibirsk-region/

but I am not so sure the picture is real

I think it's photoshopped, that plane looks out of place.

incident was real though... it is possible... how do i know? 

Try one ?  what say sir....