Yes. Anything glossy on the eye will crease, be it clear or coloured. It's a photoshoot look, not one that can be worn with any dignity in real life.
You can fake a glossy eye with silver-based frosted shadows and by putting a 'pop' of pale frosted shadow in the middle of your eyelid, and by touching frosty deep blue/navy eyeshadow over your black eyeliner to give it a wet, lush look.