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The Pingxi District in Taipei, Taiwan, holds an annual Sky Lantern Festival. Lanterns, originally used in ancient China as a means of communication in the war, has since evolved to be incorporated into celebrations and special occasions. On this day in Taiwan, individuals buy lanterns, and release them into the heavens with their wishes written inside.
The next Sky Lantern Festival is February 24, 2013.
Source link: http://en.wikipedia.org/wiki/Sky_lantern