Can a low flying jet fighter lift water? Can a low flying but super fast jet spray water from the surface of the ocean?

I've seen this visual effect done many times in movies. It's often done to highlight supersonic speed just a few feet above the water.

Do the laws of physics even come close to this being plausible?

Bonus: Can you provide photograph evidence of this happening?
The visual effect in the picture you found seems to suck water out of the sea, in this real footage the f-18 air shockwave tends to push water down, and makes a trail.