The Chinese New Year originated from an ancient legend about a mythical beast called Nian that people feared would attack them every year before the new year. To protect themselves, people put up red decorations and set off firecrackers to scare Nian away. Now, Chinese New Year traditions include cleaning the house, spending time with family, giving money in red envelopes, visiting others, and lighting lanterns at the end of celebrations for the Lantern Festival. Common greetings for Chinese New Year wish others happiness, prosperity, and good luck in the new year.