The mythological event known as Pralaya in Hinduism explains the cyclical nature of creation, preservation, and destruction. This cycle involves the processes of creation (Srishti), preservation (Sthiti), and destruction (Samhara). It is often represented through deities like Brahma, Vishnu, and Shiva, who are responsible for each aspect of this perpetual cycle, indicating that the universe is in a constant state of flux and renewal.