The Lantern Festival is a holiday celebrated in Asian countries and cultures that honors ancestors and represents forgiveness and peace. It marks the end of Lunar New Year. It's held on the 15th day of the first month of the lunar calendar, typically in February or early March. The festival is known for its colorful lanterns, often with riddles attached, and includes activities like lion and dragon dances, parades, and eating tangyuan (glutinous rice balls).