HD Caustics is a shader plugin for LightWave that adds fast, smooth, fake caustics to your transparent objects. They are highly configurable, so you can get just the effect you're looking for! Plus they're rock-solid and smooth, so they look absolutely beautiful when animated. Integrated thickness-based transparency and fresnel effects make your glass objects look even more real! Mighty pretty!
Finally! Beautiful glass objects you can use in a production environment!