Last night, 12/19/2015 I was coming back from picking up my brother at New town cinema. When we reached the intersection on ironbound road, my brother noticed an extremely bright light over the trees. We both thought it was a star, because the sky was clear that night. as we got closer we thought it was a planet, satellite, comet. We didn't know. We drove toward the light, which took us through the rec center parking lot and eventually the T intersection on longhill road. The light had grown dimmer and eventually went out. We sat in the car looking up at whatever it was. It had red and green lights blinking, I don't remember any other colors. That made me think it was a plane, but planes don't hover in one spot. This thing was hovering very low over us, maybe a couple hundred feet. we must have watched it for over a minute. We thought it was a helicopter, but for a helicopter to sit sow low over the ground it would hae to give off a sound. No sound at all. We had the radio off, even a man walking up the street didn't seem to notice it. We thought it might be a drone. It then took off slowly back toward the rec center. we turned left heading toward Kiwanis Municipal Park, we pulled into the parking lot but it was way off in the distance. This thing, whatever it was was able to get to a very high altitude very fast, and it ascended at an angle. I wish I had my camera so maybe somebody could tell me what this thing was/is.