We study Nash equilibria in the context of flows over time. Many results on static routing games have been obtained over the last ten years. In flows over time (also called dynamic flows), flow travels through a network over time and, as a consequence, flow values on edges change over time. This more realistic setting has not been tackled from the viewpoint of algorithmic game theory yet; but there is a rich literature on game theoretic aspects of flows over time in the traffic community. We present a novel characterization of Nash equilibria for flows over time. It turns out that Nash flows over time can be seen as a concatenation of special static flows. The underlying flow over time model is a variant of the so-called deterministic queuing model that is very popular in road traffic simulation and related fields. Based upon this, we prove the first known results on the price of anarchy for flows over time