The festival that honors the mythical figure of Santa Claus around Christmas is Christmas itself. This celebration commemorates the birth of Jesus Christ and incorporates various cultural traditions, including gift-giving, festive decorations, and family gatherings. Santa Claus, also known as Saint Nicholas, plays a central role in modern Christmas festivities, embodying the spirit of generosity and joy. His image promotes the idea of caring for others, especially children, making Christmas a cherished time for families.