The Floating Lantern Festival is a traditional celebration observed in various cultures, particularly in Thailand and Japan. During this festival, participants release lanterns into the sky or on water, symbolizing the release of negative energy and the welcoming of good fortune. The lanterns are often made of paper and are lit with candles or small lights. In Thailand, the festival is known as Yi Peng and coincides with the full moon in November, while in Japan, it is celebrated as the Obon Festival in August. Both festivals emphasize themes of remembrance, hope, and renewal, creating a beautiful spectacle as thousands of lanterns illuminate the night sky or float on rivers.