The first is when close up to the items, the second is when looking far away from them
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Works As Intended. This is optimization for lower-end devices.
I recommend checking the Minecraft Wiki prior to reporting an issue on the bugtracker, as what seems to be a bug to you may actually be intended.
This is not a joke, when looking very closely on the image to the right, there is no glass nor any of the items listed in the issue, a fix for 0.11.0