Chanukah Gelt refers to money or chocolate coins given to children during the Jewish festival of Chanukah. Traditionally, parents and grandparents give this money as a way to celebrate the holiday and teach children about the significance of Chanukah. The practice of giving Chanukah Gelt has its roots in the historical tradition of giving money to support Jewish education. Today, it often includes chocolate coins wrapped in gold foil, known as gelt, which children enjoy as part of the festivities.