There is no reason to assume that this video is hoaxed, but it is not possible to tell what it is. The lights are not a typical aircraft configuration, but it could easily be a balloon or a dirigible. Interesting possibility, but no proof it’s an unknown.
http://www.youtube.com/watch?v=YM5Fve3LoXgStory Source:
http://www.youtube.com/watch?v=YM5Fve3LoXg