The festival that features the release of paper lanterns into the sky in Thailand is known as the Yi Peng Lantern Festival. Celebrated during the full moon of the 12th lunar month, it involves illuminating the night sky with thousands of floating lanterns. Participants write wishes on the lanterns before releasing them, symbolizing the letting go of misfortunes and the welcoming of good luck. This enchanting spectacle fosters feelings of hope and community spirit, attracting both locals and tourists eager to experience the magical atmosphere of Thailand's cultural heritage.