The Red Lantern Festival in Rylland is celebrated every February 15 of the year. The red lanterns in Yayalt mythology were though to symbolize the souls of the dead that somehow still communicates with their loved ones. According to legend, the lanterns flying away from the sky could symbolize the souls travelling to the Yayalt Heaven (Kaalaquka).

The history of the festival dates back to 1900, when the Chinese diaspora in the Yayaltian districts of Yalungka and Hajakner were growing. The growing population led to the introduction of Chinese festivals in the country. This also attracts tourists to increase Rylland's tourism and popularity as a tourist destination. This also greatly help the Ryllandic economy as it is collapsing until the end of World War One, when prosperity came back.

The festival is usually celebrated at February 15, which is the end of the Chinese New Year in the Ryllandic calendar, as well as February 15 being the day that the souls of the dead Yayalts will came to the Kaalaquka, the Yayalt heavens and the last hope of the good and the generous gods, and the safe haven of the angels and the divine.

The Red Lanterns meanwhile, cost between HS 1,500 to HS 4,000. These lanterns were expensive due to the souls themselves wanting them to be expensive to save their families and likely symbolized generosity.