Mood: The mood of the video appears to be light-hearted and playful, with a theme of friendship and fun. The title 'Dosti Ke Side Effects' (Side Effects of Friendship) and 'Phatte Phad De' suggest a comedic tone, implying that the video may be a humorous take on the ups and downs of friendships.

Environment: The environment appears to be a casual, possibly outdoor setting with a crowd of people in the background. The two main women are standing close together, smiling and holding hands, suggesting a relaxed and intimate atmosphere. The setting could be a park, a street, or a public gathering place.