Thought I saw a UFO one time too, took video and posted it on a message board and everything.

They explained it was probably one of those paper lanterns that people let up at parties, which upon description completely made sense. Looked strange though, red light in the sky that was definitely way up there, not like an airplane but maybe where a low-flying one would be, too small to be an airplane though, irregular flickering, irregular movement.

Yeah, fully explained it.