What do i do

If it has a red ring where the green light is usally at XBOX will fix it for free look up fix red ring of death xbox. Xbox will usally get it back in about 3 weeks.

If your Xbox 360 will not play your games this is because of the sensors on the back of the drive overheating it is not normally the laser.

Luckily you can fix this yourself and get back to your games and to do this you need the proven Xbox 360 Repair guide.

Or you can send it in and they will fix it for you the repair will take about 4 weeks.

You can use the recommended guide to fix this and get back to gaming.

If you stop the heat build up it will work for you.

I had a similar problem with my xbox 360. Reconnect all cords that are in the back of the xbox. If that doesn't work the best thing to do is call microsoft.

heres a tempary fix wrap your xbox in a towel and turn it on for 15 minuits and then try playing

but you really need to send it to microsoft

see if youre disk is cracked in the circle and make sure all the cords are plugged

Send your console for repair immediately, It wont cost you anything.

Since you mentioned green and red lights.

try Team Hybrid's Ultimate X-clamp fix

That is called a FRAG when the xbox is flashing red and green. Was it modified in any way? Normally it means the onboard bios or modchip has gone bad. I would recommend a replacement if you don't have soldering experience. They are about $30 on craigslist.

Three lights flash red on the Ring of Light (RoL) on the front of your Xbox 360 console. The upper-right quadrant light is the only light that does not flash red. The three flashing red lights may indicate that there is a hardware problem with your Xbox 360 console.

You can try one or two things.

1. Turn on your xbox and check to see if the power supply light is green. If it is green there is a problem with the system. If it is red it means you should check your connections and restart the xbox.

2. These rings have a tendency of meaning that there is a problem with the system itself. Most companies sell extra insurance to cover this "ROL" Ring of life. You can contact Microsoft by calling them. The number is usually listed on the back of the video game booklets.

I wish you the best and I hope this resolved your problem

Happy Gaming
http://support.microsoft.com/kb/907534

Flashing Red and Green has Numerous causes for eg: system failure. please mention the error code which is displayed on Top left corner of your TV screen as shown in following image.