Mood: The mood of the video appears to be romantic and joyful, with a sense of carefree love. The theme seems to revolve around the beauty of a short-lived moment in life, as indicated by the title 'Zindagi Do Pal Ki' which translates to 'Life is of just two moments'. The overall emotion exuded is one of happiness and togetherness.

Environment: The setting appears to be outdoors, possibly in a field or near a body of water, given the natural lighting and the subtle background that seems to be a sky or a body of water. The exact location cannot be pinpointed, but it seems to be a serene and picturesque locale.