The Lunar New Year commemorates the beginning of a calendar year based on moon cycles, customary in Asian, Southeast Asian and Hindu-Buddhist countries. The celebration occurs in late January or early February, although the celebration lasts for days!
Of course, you need not live in Asia to commemorate this distinctive festivity; this is, after all, the Spring Festival as well! Gifting a red envelope with money is a tradition, but today, people look for new, exciting gift ideas for the holiday. This is time to visit friends and family far and wide — the Lunar New Year is the largest human migration of the year!