Mood: The mood of the video appears to be light-hearted and comedic, with a theme of fake love or relationships, as indicated by the title 'FAKE ISHQ'. The emotions conveyed are playful and humorous, with the three characters displaying exaggerated expressions.

Environment: The setting of the video seems to be a beachside amusement park or a seaside resort, with colorful buildings, stairs, and deck chairs visible in the background. The presence of sand and a seesaw suggests a fun and casual outdoor environment.