Traditionally, the New Year celebrations made in Venezuela are very much similar to the celebrations made in other South American countries, and the European country of Spain. Most of the traditions followed during the time are believed to confer its practitioner with good luck in the coming time. Some of the prominent traditions include wearing red underwear, which is believed to confer one with a love partner in the coming year. Similarly, wearing yellow underwear is believed to confer one with deep contentment in New Year.