Mood: The mood of the video appears to be lively and celebratory, with a theme of New Year's partying and entertainment. The use of bright pink neon lights, bold fonts, and vibrant images of Bollywood stars suggests an energetic and festive atmosphere.

Environment: The setting of the video seems to be a nightlife or party environment, likely in a city or urban area. The brick wall background and neon lights give a cityscape feel, while the images of Bollywood stars dancing and having fun suggest a lively party or club setting.