Mood: The mood of the video appears to be lively and upbeat, with a sense of youthful energy. The theme seems to revolve around joy, happiness, and possibly a touch of playfulness, given the title 'Yeh Hai Lollipop' and the phrase 'Lamha Khushi Ka', which translates to 'Moments of Happiness'. The overall emotion evoked is carefree and vibrant.

Environment: The setting of the video seems to be a modern, possibly urban or indoor location with a futuristic or trendy ambiance, indicated by the blue glowing lights in the background. The presence of a brick wall and sleek lighting suggests a contemporary, stylish environment, possibly a nightclub, lounge, or a specially designed setting for a music video.