Nov 22/2016: Colourful Ball of Light Over Lake Ontario, CanadaI am a 55 y/o male, single, and live by myself in the East suburbs near Toronto, Canada.This is important to this event, as it means I was in my home alone, with no one to catch a missing time event. Although I completely believe in aliens and UFO's, I have never seen one before. My background is in both Accounting and Computer Technology.On the night of Nov 22nd, 2016, I had my AM radio set to listen to Coast2Coast at 9pm as I often do.However, that night's repeat program of the previous night was about The US Dollar and such, and the topic did not interest me. I turned off the radio and set it aside.I browsed the Internet for a short period of less than 1/2 hour or so, and decided to go to bed. Glancing at the clock, I remember it to be approx 9:30pm. Maybe 9:25pm Closing the living room blinds, I noticed 2 aircraft outside in the sky. That is common, as there is a nearby airport. However, both craft were stationary, and I could not hear any sound of helicopters. The bodies of the crafts were not visible, just a single dim yellow light, and a stronger red light that was flashing. I assumed them to be standard hovering helicopters, with an aviation beacon on the bottom.If you held a ruler up against the window, the craft would have been about 10" apart, which was close enough that I could see both together. I thought it strange that two craft were allowed to fly so close to each other.I glanced to the right (South / East ) over Lake Ontario, and saw a very bright and large star. However, the star was fiercely shimmering/twinkling, and was larger than any star I've seen. It was round, and seemed to be spinning. Every colour was flashing in split seconds. Red/Green/Blue/White/Yellow.Like as diamond - flashing rainbow colours of light. But clearly spinning. My eyes went back and forth between the 2 stationary crafts and the "star" and I blurted out "They're watching it too!!" At this point, I became excited at the thought it may be a UFO, as I have never seen one before. I grabbed a pair of binoculars from a cabinet next to me, and tried to view the "star" through the window but it was not clear. The binoculars are inexpensive 7x35 magnification.Next to the window, is a door to my patio. Standing in the doorway, I looked directly South / East over Lake Ontario at the "star", looking at it with bare eyes, watching it spin with fantastic split-second colours. I held up the binoculars, and tried to focus more, but the focus was almost at the 'infinity' setting of the focus ring, and no fine adjustment could improve the view. However, the binoculars did allow me to see the same round shape, clearly spinning, showing amazing colours. But no further definition of the object. I said out loud, "We see you. We're watching you, whatever you are." Jokingly expecting it to respond by zooming away. It did not.It was far too large to be a star. I became very excited and scrambled to put on shoes and coat and grabbed my cell phone to take a picture. I ran outside. The sky was jet black, and I could see the 'star' clearly. Also, I looked to my left (North) and vertically upward and could see lights of the 2 craft hovering in the same position above me.Still only could see each as a dim yellow light, with a red flashing beacon light next to it.I was not interested in them, and did not pay much attention to any of their specs.I turned my attention back to the spinning 'star'. I was clearly spinning and showing fantastic lights.Binoculars confirmed the object to be round, spinning , and multi coloured. No further definition.I was panicking at what to do next. I did not want to lose the moment.I held my cell phone up at arm's length to the 'star' and it only appeared as a tiny white dot in the screen.At arm's length, I could see both the tiny picture dot on the screen and the actual 'star' in the distance, just above the phone.I knew that would show nothing in a photo. I decided to try the movie application, thinking that it may better show the fantastic light show, rather than a still picture dot. I brought my cell phone close to me and pressed the buttons to start the movie mode, and stretched my arms out again with the cell phone at arm's length trying to find the white dot ( the spinning star) again. The dot was nowhere to be found on the screen, so I looked at the actual sky, and the 'star' was now just a teeny tiny dot in the dark sky.The same size as a star would expected to be. Far off in the distance out over Lake Ontario.This actual star in the night sky did not register on my camera screen at all now. It was too small.The spinning 'star' had gone. I looked back toward the 2 craft and saw only dark night sky. They were also gone.Higher in the sky over Lake Ontario was the constellation Orion. Because the night sky was so dark and clear, I could see all the stars, especially the 3 of the belt. Following the belt downward, I could see Sirius. It was certainly not the spinning colourful object I had been watching. My cell phone has Stellarium on it. I opened the app and held my phone up to confirm Orion and Sirius, but I already knew them.I stood there in disbelief. I was angry. I was emotionally upset and frustrated. I had lost my chance to record the spinning object.I had been rushing in a frantic state trying to capture something I knew could end at any time. And I did not succeed.This whole event from first seeing them outside the other window to re-entering my home, lasted only about 10 minutes.It was fast and furious. And now I was emotionally upset.Turned back to the door, I went inside and went on the Internet on a computer within steps of the door. I Google'd Orion and Sirius and confirmed the stars I now saw were those I already knew. But what happened to the larger spinning ball? I walked over the doorway again, and stared up at the night sky, hoping it would happen again. But nothing.Dejected, I turned around and walked back inside. The clock on the cabinet showed 12:30am WHAT?? I had just went to close the blinds at 9:30pm !! Where did 3 hours go ??!!! As stated, the above activity was in a frantic state to try and not miss the event. It was in no way near a 3 hour event.I tried to pad the events' time by judging maybe I spent more time on Google searching Orion / Sirius. Even if I did that for 1/2 an hour ( which I believe to be grossly incorrect) and if I stood on the patio for 1/2 hour in frustration, I'm still missing a couple of hours of time.I was tired, angry, frantic. I didn't know what do next. I paced around my home for 3 hours trying to calm down.Finally I gave up around 4am, and went to bed. I don't know why this event made me so frantic and upset.It is now 4 days later, and I can't get it out of my system. I told family and a friend about it, and they gave me the typical sympathetic look like I've come unglued.Posting this on the website to share. I have no answers. Only more questions.