Mood: The mood of the video appears to be light-hearted and joyful, with a theme of music and performance. The presence of the text 'Making of the song' suggests that the video will showcase the behind-the-scenes process of creating a song, likely from a Bollywood film. The overall emotion conveyed is upbeat and creative.

Environment: The setting of the video seems to be a studio or a filming location, given the context of the 'making of' a song. The plain background and the focus on the two individuals suggest an intimate setting, possibly a music video shoot or a film scene being filmed.