Vasilopita is a traditional Greek cake served on New Year's Day to celebrate the feast of Saint Basil. It is typically made with a sweet, rich batter that may include ingredients like flour, sugar, eggs, and milk. A coin, known as the Vasilopita coin, is hidden inside the cake, and the person who finds it is believed to receive good luck for the year. The cake is often decorated with a cross on top, symbolizing the Christian faith. Families gather to cut the cake, starting with the first piece for Saint Basil, followed by slices for family members and guests. This custom fosters a sense of community and celebration.