The Lunar New Year is the most important and the longest of all Chinese festivals, celebrated by Chinese communities throughout the world. The eve of the new year is the high point of the festival when family members return home to honor their ancestors and enjoy a great feast. On the first day of the new year, household doors are thrown open to let good luck enter. Dragon and lion dances are performed, and there are acrobatic demonstrations and much beating of gongs. An ancient custom is giving little red packets of money called hung-pao or lai see to children. Discuss
Source: The Free Dictionary