Mood: The mood of the video appears to be energetic and youthful, with a theme of street-smart camaraderie and possibly a touch of rebelliousness. The overall emotion conveyed is one of carefree fun and friendship.

Environment: The environment seems to be an urban setting, likely in a city or a densely populated area, given the reference to 'gully' which is a colloquial term for a street or a neighborhood in India. The background appears to be a blurred cityscape, which further supports this inference.