I had just woke up at 5:ooam December 27 2015 in Santa Cruz California. I sat on my bed and gazed out the window (facing North/West)and noticed what I thought was an airplane. The lights appeared a little bit more intense than a normal plane so I got up and walked to the window to get a closer view. When I got to the window I noticed that the object appeared to just be hovering with slight flutters in movement. The lights on the bottom had no unique intensity in color but they were constantly flashing and appeared to have some pattern or sequence to them...I'm not very good at judging distance, but it appeared as if it was 2 or more miles away and lower than a commercial jet would fly but similar to the height that a jet would fly. It was hard to get a good solid look at any detail because of the distance...I watched it hover and do its light show for about 10 minutes and then I had to leave the room to get ready for work. When I came back to the room 40 minutes later it was gone...I did not take a picture because the distance of the object would of provided no details that would of been helpful.