One of the most beautiful festivals of Thailand, the Loy Krathong festival is celebrated in the 12th month of the traditional Thai lunar calendar. This day usually falls in November of the western calendar. The term Loi means 'to float' and "Krathong" means a lotus shaped vessel that is made of banana leaves. The Krathong is decorated with flowers, candles and incense sticks and also has some coins in it.