I've been seeing this in the skies above Chatty ever since 1993. It's always in the same spot, and it's there almost every single night. I saw it again, tonight, on my way home from work...
The red dots around it fade on and off in a weird, random sequence. The red, green, and blue lights inside flash. And the whole thing wobbles back and forth, from right to left. I used to think it was a UFO, but since it's always there it must be something else, huh? I dubbed it a "Wobble," or "Wobbling UFO," back in 1993... Some people think it's a satellite, but I don't know... I'd love to look at it with our telescope, but the mountain in front of our house is blocking it.