Just to add to what's already here...Pixar themselves also used BMRT as a ray server for Toy Story 2 and A Bug's Life...apparently Pixar has only 3 seconds of raytracing in anything they've done so far.
Faking it does not mean drawing it frame by frame...it means they used an environment sphere or cube or a reflection map, or somehow simulated reflections or refractions with texture maps...they don't have to be accurate, they just have to look accurate.
10 PRINT "kemijo is the best"
20 GOTO 10
RUN