Mood: The mood of the video appears to be behind-the-scenes, creative and anticipatory, evoking a sense of excitement and curiosity about the making of a film. The theme seems to revolve around the creation and production of a movie, likely a historical or epic drama given the title 'Khalibali' and the mention of 'Padmaavat'. The emotion conveyed is one of grandeur and spectacle.

Environment: The setting of the video is likely on a film set or in a production environment, given the title 'Making of Khalibali'. The dark background with a spotlight effect suggests a dramatic and cinematic atmosphere, possibly hinting at the epic nature of the film being made. The presence of logos from production companies and studios implies a professional and large-scale production.