
Interference
This animation shows the stereographic images of two families of circles on the 2-sphere. Each family consists of concentric circles (or circles of latitude, if you like) centered on one of the points $(-1/\sqrt{2},1/\sqrt{2},0)$ or $(1/\sqrt{2},1/\sqrt{2},0)$. Since stereographic projection projection takes circles to circles, the images are also circles, but they're no longer concentric.
It would have been cleaner to implement these as Circles rather than Polygons, but I didn't have the patience to figure out the center and radius of each of the projected circles, so instead I just projected a bunch of points along each original circle and made the resulting points in the plane into a Polygon.
Here's the code (note that the appearance of $0.001$ is to avoid divide-by-zero errors):
Stereo[{x_, y_, z_}] := 1/(1 - z) {x, y};
DynamicModule[{p = Normalize /@ {{-1, 1, 0}, {1, 1, 0}}, b, n = 36, cols = {White, GrayLevel[.1]}},
b = Orthogonalize[NullSpace[{#}]] & /@ p;
Manipulate[
Graphics[{FaceForm[None],
EdgeForm[Directive[Thickness[.006], Opacity[.4], cols[[1]]]],
Table[
Polygon[Table[Stereo[Cos[r + s] p[[i]] + Sin[r + s] (Cos[t] b[[i, 1]] + Sin[t] b[[i, 2]])],
{t, 0., 2 Pi, 2 Pi/300}]],
{i, 1, 2}, {s, 0.001, Pi + 0.001 - Pi/n, Pi/n}]},
PlotRange -> 2, ImageSize -> 540, Axes -> None, Background -> cols[[-1]]],
{r, 0., Pi/n - #, #}] &[Pi/(40 n)]
]