Will there be any perceivable loss in video or sound quality if you drag and drop mp4 or any videos from flashdrive to flashdrive to flashdrive alot so you can have the videos over the years?
As an aside, that's the reason the movie industry doesn't want you to be able to copy a DVD. With the old analog VHS tapes, each copy (generation) caused significant video quality loss so that by about the 3rd generation the quality had deteriorated to the point it wasn't worth copying again. In the case of digital copies, the 1,000th generation will have the exact same video quality as the 1st.
With a video, you won't be able to change it simply by using "Save as" so, in regards to a video, "Save as" or copy or dragging and dropping will result in the same thing. A video needs to be processed frame-by-frame in order to change it from something like an AVI to an MP4, it can't be done in a simple save operation like a photo file.