I'd like to posit an analysis of this video. I've seen many of this type recently, and before that many of this type for UFO's.
What is the primary part of the analysis? The audio track.
Close your eyes and listen to the sounds and voices on the audio of the video.
What do you hear?
I hear wind blowing and people walking through tall grass or bushes.
Their is a point where the audio also cuts to nothing. If you put it through a waveform I suspect that it is fully muted (zeroed out), and not a glitch with the recording.
The conversation in the audio is as follows:
"Look how beautiful, wow"
"I have not seen something like this (audio silenced)"
".....location. Look at where we are right now"
So, this suggests the audio of that video is from another video, most likely of two or more people walking in a beautiful location describing how beautiful that location is.
This has been a tactic used on many fake UFO video's recently. It may be genuine, but it seems off to me.
Now watch the video with the audio. What sounds are missing?
Super high voltage/high temperature discharges (lightning) through the atmosphere cause shock waves - i.e. sound.
These are apparently long duration discharges. This means it would be playing the atmosphere like a violin - unless we are dealing with a non physical phenomena.
Here's an example of a human made long form plasma discharge:
Another example:
For super high energy, here's an 8 Tesla plasma discharge in a contained environment:
Ignoring the audio track - notice how calm people are in the videos. Now maybe you can chalk that up to some peoples ability to stand in the presence of the unknown (thought ignorance/disassociation), but on genuine UFO/weird videos someone is usually freaking out.
Their is also the way the lightning/plasma is moving. I've seen the same movement on other (clearly AI) videos, such as this one:

18K views · 150 reactions | RAINBOW Turns into LIGHTNING: A MAGICAL MOMENT! 🌈⚡️ #RainbowLightning #ThunderstormMagic #OnceInALifetime [WHEN RAINBOWS CLASH WITH THUNDERSTORMS! 🌈⛈️ #RainbowThunderstorm #MagicalMoment #NatureWonders A RARE SIGHTING: L
RAINBOW Turns into LIGHTNING: A MAGICAL MOMENT! 🌈⚡️ #RainbowLightning #ThunderstormMagic #OnceInALifetime [WHEN RAINBOWS CLASH WITH THUNDERSTORMS! 🌈⛈️ #RainbowThunderstorm #MagicalMoment...
And

1.5M views · 17K reactions | RAINBOW MEETS LIGHTNING: A MAGICAL MOMENT! 🌈⚡️ #RainbowLightning #ThunderstormMagic #OnceInALifetime [WHEN RAINBOWS CLASH WITH THUNDERSTORMS! 🌈⛈️ #RainbowThunderstorm #MagicalMoment #NatureWonders A RARE SIGHTING: LIGHT
RAINBOW MEETS LIGHTNING: A MAGICAL MOMENT! 🌈⚡️ #RainbowLightning #ThunderstormMagic #OnceInALifetime [WHEN RAINBOWS CLASH WITH THUNDERSTORMS! 🌈⛈️ #RainbowThunderstorm #MagicalMoment #NatureWonders...
Notice they have the same audio track cut up in slightly different ways - even though the videos themselves are clearly different.
Given the energy levels involved I would expect the damage on the ground of such events (if they where real) to be massive scaring and fires/destruction. Any news reports?
Finally, there is no change to the white balance/exposure of the cameras. The light being put off by this level of energy almost always shifts the white balance of the camera.
i.e. flash, everything else except the flash is darkened as the camera tries to adjust, then everything else becomes brighter as the flash fades.
You might even expect lens flaring from the camera.
For reference:
So on balance I'm going to suggest this is a fake video.
What do others think?