Fireworks Hoaxer, Or, New Sky Sound Phenomena?

I was going to cover this on UDCC (UFO Disclosure Countdown Clock), but decided that perhaps Strange UFO Videos was the place for this to have a home. On the surface, this appears to be perhaps fireworks or some laying in of a soundtrack onto fireworks or a sophisticated hoaxer balloon light show with fireworks . But, is it? Happened in Indianapolis about 10 days ago: 3-1 Positive to Negative ratio of opinion votes at YT and about 65K views already:
http://www.youtube.com/watch?feature=player_embedded&v=4m5uB0xHmE8
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So, mysterious LOUD booms from near multiple lights of changing colors, with a final drop of what appears to be more `lights' (or fireworks droppings?). 
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This is what the poster of the video said:
A series of mysterious booms over Indianapolis around 12:14 am on jan 7th 2013. I say three big ones total. when we heard the first one a few minutes before, i grabbed my phone because of all the sirens. the lights would have been in the northeast direction. I live in 46th & Sherman area. Last boom shook our house so hard it cracked a window. I don't know if these are planes, Missiles or UFOs but my family was terrified
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You can also find this video covered Here at Strange Sounds.ORG - in the comments a person claims to show the `original' video - I looked and again, am not so sure they found the proof of a trolling hoaxer. That said, I think my explanation of a balloon, led, fireworks set up may be much closer to the truth.
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Finally, this story is also covered Here at a blog that has a sidebar and bloglist to die for.
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