A Lantern Festival is an event where people light and release lanterns, often to celebrate a holiday or special occasion. Lanterns can be made of paper, sometimes with candles or LED lights inside, and are usually released into the sky or floated on water. Lanterns often represent hope, good luck, and letting go of worries. In China, the most famous lantern festival is on the 15th day of the first lunar month, marking the end of Chinese New Year celebrations.