Mood: The mood of the video appears to be light-hearted and comedic, with a theme of mischief or thievery, as suggested by the title 'Lootere Aa Gaye'. The overall emotion seems to be playful and humorous, with the characters' expressions and the use of bright colors contributing to this atmosphere.

Environment: The setting of the video seems to be a mix of casual and possibly indoor and outdoor environments. One of the characters appears to be in a natural setting, possibly outdoors, while the others seem to be indoors. The overall setting seems to be informal and relaxed, fitting with the comedic tone of the video.