1) Was looking up at the stars2) Saw the blue pulsating light3) Not sure.4) After watching this object for several minutes in the southeastern sky over Elliston, Montana tonight (January 2, 2013) we are convinced it is not a star nor a plane. With the naked eye you can see the changing of colors between red, blue, and green. After zooming in on the object you can clearly see the bottom part of the object turning around in a strobe like motion around changing colors and moving slightly up and down. It sporadically shoots out of the frame and then back. My husband and stepson were also watching it. We have been watching it for over 45 minutes. We are not exactly sure what it is but it is definitely fascinating to watch. We are curious as to whether other listeners of your show have seen it as well. I will need to transfer the video from tape to digital later this evening. It has been a really exciting evening for us to watch.5) Excited with what we saw.6) It just vanished from sight as it was moving south and up in the sky more.