The Roman festival that celebrates the goddess who presides over the spooling of wool is known as the Parilia. This festival, held in honor of the goddess Vesta, involved rituals intended to purify and bless both the homeland and its people. Vesta, as the goddess of the hearth and home, was integral to Roman society, symbolizing stability and domesticity. The festival included festive offerings and communal gatherings, emphasizing the importance of family and community in Roman culture.