This is a virus detection. Viruses are programs that self-replicate recursively, meaning that infected systems spread the virus to other systems, which then propagate the virus further. While many viruses contain a destructive payload, it's quite common for viruses to do nothing more than spread from one system to another.
When an infected .SWF file is accessed locally (not via a web page), and the stand-alone Flash Player is installed, a script is run, which uses CMD.EXE and DEBUG.EXE to create the file V.COM and execute it. Since the CMD.EXE application is used in this process, the virus can only infect on WindowsNT/2000/XP systems. This V.COM file is capable of infecting other .SWF files in the current directory.
This virus uses the ActionScripting abilities of Sockwave Flash to create a .COM file, which is used to infect other Shockwave Flash files. The virus corrupts large .SWF file such that repair is not possible for these corrupted files. Infected files should be deleted and restored from backup.