I am using minecraft in in fast mode, and when i dropped an item, it was not spinning, of course but it was 3D! Like a bug earlier, but I did not uderstand why it was 3D!
The item in the picture below, would just be like that!
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Not intended. Confirmed in 14w28b.

Items in fast mode didn't spin since several major versions. See screenshots of 1.7.10 in MC-59479
They always used to face towards the player looking at them, like particles, and 2d, but now they're 3d and always face the same direction relative to the world, not the player.
Oddly, fixed in 1.8.1-pre4. 😞
Intended in fast mode. Switch to fancy.