Mood: The mood of the video appears to be lively and energetic, suggesting a fun and vibrant tone. The theme seems to revolve around a party or a celebration, with the title 'ABHI TOH PARTY' reinforcing this idea. The overall emotion conveyed is one of excitement and revelry.

Environment: The setting of the video seems to be a nightclub or a stage with bright lights, indicated by the blue background with several spotlights shining down. The environment is likely to be a lively and crowded space, typical of a party or a concert.