Mood: The mood of the video appears to be lively and energetic, with a focus on entertainment and celebration. The theme seems to be a compilation of popular Bollywood dance songs from 2016, suggesting a fun and upbeat playlist. The overall emotion evoked is excitement and joy, inviting viewers to 'party till they drop'.

Environment: The setting of the video is likely a virtual or digital environment, given the presence of a jukebox and the description of the content as an 'HD video'. The environment appears to be a promotional or advertising space, showcasing various popular Bollywood dance songs from 2016.