Mood: The mood of the video appears to be romantic and youthful, with a focus on independence and self-expression, as hinted by the title 'It's My Life'. The overall theme seems to revolve around love, freedom, and possibly family dynamics, given the presence of a third figure looming in the background.

Environment: The setting seems to be an urban or semi-urban area with a mix of modern and traditional architecture, as evidenced by the building in the background that resembles a blend of contemporary and Mughal styles. The cloudy sky adds a sense of drama and depth to the scene.