My husband and I thought it was a star, until it disappeared, and then showed up 45 seconds later a little bit farther to the right from where it was. We then looked with binoculars and could see it was a disc shaped object with multi colored flashing lights. It's still currently out back of our house visible from our bedroom window. It has not moved again for a good 30 minutes. I have used my compass on my phone to get the exact location as to where it is.