Light seen in Beatrice, NE changing colors, moving rapidly and producing two others.On the night of the 11th of August, four friends and myself went out to the country to watch the meteor shower. Around 11:30 we noticed a blinking star. Brighter than all the others. We watched it for a bit then noticed different colors being displayed. We recorded red, blue, orange, green and white. It would dim down then get extremely bright. As it got brighter it would shoot down about two or three inches then proceed to do what I can only describe as loop-de-loops. We watched this object for a good 4 hours before we left. We also noticed that there were moments when the object would become red, extremley bright, and then turn into three in the shape of a triangle. The two extra lights would then be sucked into the one, then proceed to dim down again. The object acts as if it were a star when any aircraft passed in its direction by dimming down, not blinking and being stationary. The five of us then left to drop of the other three observers that were pres! ent. The driver and I then went to a friends house to tell him we had seen something strange but needed him to come with us to justify our experience. We then took him out to where we were and told him to just look at the 'star'. He then asked myself and the driver if it was moving. We asked what he saw and he described to us everything that we had observed earlier. Might I note that no druga or alchohol were involved. The observers that i was with including myself are all very credible people. Tonight will be the seventh day in a row that others as well as myself have seen this object.