Mood: The mood of the video appears to be lively and celebratory, with a focus on entertainment and fun. The theme seems to be a collection of popular Bollywood songs, likely from the year 2020, to create a party atmosphere. The overall emotion evoked is one of excitement and joy, perfect for a New Year's celebration.

Environment: The setting of the video seems to be a vibrant and glamorous party environment, possibly a nightclub or a festive gathering. The images suggest a luxurious and lively atmosphere, with bright lights, colorful decorations, and stylishly dressed individuals. The presence of a jukebox also implies a music-driven setting.