Long time lurker, just registered because I have to add that in light of the clip of Boogie firing dropping I don't see any way that this is fake. There's an appropriate amount of sound, muzzle flash, recoil, etc. for live rounds fired out of (likely) a .38 special revolver. A blank would have had much more muzzle flash, and little recoil, especially out of a revolver where there isn't even any reciprocating mass. Watch any video filmed from a go-pro of a gun being fired- it's a very similar sound. Concerns about the muzzle flash "moving" with the camera is likely an artifact of how digital cameras work and the fact that go-pro footage isn't exactly high-speed.
That being said, Frank and Keem absolutely could have been collaborating on this "project" to hassle Boogie in person as a boon to both of them and Storyfire, but Boogie was definitely not in on it. I don't think either of them anticipated Boogie actually firing a gun (which he clearly did- the video, news articles, police blotter, etc. confirm.) Frank and Boogie are now exposed to potential misdemeanor and felony charges respectively, and it just doesn't make sense that it would be worth the potential costs if the local DA/Prosecutor decided to make an example out of internet pranksters endangering suburbanites in his town.
Boogie is just a retard. I don't think there's any other explanation. He genuinely thought he could shoot a man for trespassing in Arkansas because "castle doctrine". That's simply not the case, in Arkansas or most other places with a castle doctrine. He probably even thought he would be able to go through with it. I'm glad he's a pussy, because this could have been tragic.