The Lantern Festival in Taiwan is characterized by key elements like colorful lanterns, dragon dances, and festive foods. Celebrated on the fifteenth day of the lunar new year, it marks the end of the lunar new year festivities. The lanterns symbolize hope and prosperity, leading participants through celebratory parades. Local delicacies such as glutinous rice balls are also enjoyed, reflecting the cultural significance of togetherness and renewal during this joyous occasion.