Mood: The mood of the video appears to be lively, energetic, and playful. The theme seems to revolve around dance, partying, and possibly romance, given the title 'Daaru Peeke Dance' which translates to 'Drink and Dance'. The overall emotion exuded is carefree joy and celebration.

Environment: The setting seems to be a nightclub or a party venue, indicated by the background lights that resemble a disco ball or a string of fairy lights. The environment is likely to be vibrant and dynamic, with a focus on entertainment and revelry.