I was outside looking at new year's fireworks. i notice a red light that would occasionally hover. when it would go up higher, it would hover, and the light would be blinking white, and not red. i thought the object might be a drone, because of its movement. i was actually quite entertained by the object and its movement. it was fun watching it move around amongst the fireworks. the object eventually dipped down, close to the earth, where i lost sight of it.