In several Latin American countries, the New Year celebration called Año Viejo involves burning effigies to symbolize the end of the old year. People create large puppets, often representing negative experiences or past events, which are then burned at midnight on December 31st. This act signifies letting go of the old and welcoming new beginnings. The celebrations typically include family gatherings, fireworks, and traditional foods, creating an atmosphere of festivity while promoting the idea of renewal and hope for the forthcoming year.