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The Burning of the Ribbons is centered around a tradition, dating from the 19th century, that is perpetuated by students at the University of Coimbra. At the end of the second semester in May, the students ceremoniously burn the ribbons (one per day) that represent each of the eight faculties at the institution. Numerous concerts and performances take place, as does a traditional nighttime serenade at the Old Cathedral of Coimbra. Another high point is the cortejo, an elaborate parade featuring floats bearing the respective colors of each faculty. Discuss
Source: The Free Dictionary