Mood: The mood of the video appears to be celebratory and upbeat, likely a music mashup to mark the New Year. The theme seems to revolve around a blend of modern and classic elements, given the mix of contemporary and traditional attire of the individuals featured.

Environment: The environment or setting of the video seems to be a blend of traditional and modern spaces, possibly indicating a mix of cultural and contemporary locations typical of Indian celebrations and music videos. The presence of a woman in a sari and a man in a suit jacket suggests a fusion of styles.