Mood: The mood of the video appears to be lively and playful, with a theme of celebration and joy. The colorful decorations on the horse and the man's cheerful expression suggest a festive atmosphere.

Environment: The setting of the video seems to be a rural or countryside area, possibly in Punjab, given the man's attire, including a red turban and a green scarf. The presence of a decorated horse also suggests a cultural or traditional event.