This is an airplane/aeroplane, footage has been slowed dramatically.
They do have plenty of lights for various things as navigation, anti-collision lights, beacon lights .
Red, white, green are the usual colours I believe.
(though the High-intensity white strobe lights can be registered as blue by the naked eye)
edit on 5-1-2011 by JustCurious1 because: (no reason
I'm a technophobe I'm afraid I am unable to speed it up, it's just I noticed around the 00:22 mark the way the camera sweeps with the object's
movement more than subtly suggests this has been slowed down .
I might be wrong but there seems to be a horizontal stabilizer on this craft, this means it is probably an aircraft on approach-deparure, the change
in colors of the lights can be explained as being just a product of lens processing the imagesince the object seems to be very far and it is
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