The colorful flags during the Tibetan New Year celebrations serve multiple purposes, including decoration and spiritual significance. Known as lungta, these flags are inscribed with prayers and mantras and are believed to carry blessings and good fortune to the wind. They symbolize harmony and the spread of compassion, wisdom, and strength. As they flutter in the wind, it is said that the prayers written on them are carried to the heavens, ensuring the well-being of all sentient beings. The vibrant colors also reflect the connection to nature and the importance of life cycles in Tibetan culture.