If they'd cut out their classmate's head from their yearbook photo and pasted it onto the body of a pornstar with elmer's glue would police have gotten involved? This type of bullying is as old as dirt. Bullies suck, and the kids who did this should get in some kind of trouble with the school and their parents, but this is not something police need to be involved in. The moral panic over deepfakes is ridiculous, but…
The act of creating something is usually just irrelevant tinkering. Discussions like this on HN tend to overemphasize the importance of creation, probably because most of us have jobs where we are supposed to create something. But the real-world consequences of creation usually don't come from what was created or how it was created, but from distributing the creation. And that's what laws should be concerned about. C…
I'll admit that showing your buddies a deepfake/photoshop/cut and paste job of that one kid you hate from social studies is very different from creating a website or fake social media profile where the whole world can see it. In this case, it seems like some pics were shared with classmates who deleted the photos when they were caught and now the police can't even find copies to see what all the fuss was about, but the internet adds an opportunity for harms that extend far beyond the classroom.
There might be some instances where a situation requires intervention beyond parents and teachers, but I see no evidence that this was one of them.