Tornado warning has just been issued for part of upper FL, near Wewahitchka, and Panima City, and for a good reason too. There is an extremely strong Low-Level Meso-Cyclone passing just due east of Panama City, FL with a TVS marker near it. I'm going to assume that perhaps it had a history of waterspouts as it was passing over the water. It looks like the rotation is stretching all the way up into the storm tower, all the way down into the base...I would say a tornado has pretty good chances of forming here.