Loi Krathong is a traditional Thai festival celebrated annually on the full moon of the 12th lunar month, usually in November. The festival involves floating small, decorated rafts called krathongs on rivers, lakes, and ponds. This act symbolizes the release of negativity and the hope for good fortune in the coming year. During Loi Krathong, people often gather with family and friends to create their own krathongs using natural materials like banana leaves, flowers, and candles. The festival is also associated with the Yee Peng festival in northern Thailand, where sky lanterns are released into the air, creating a beautiful spectacle.