Rinne Festival

The is a winter holiday celebrated in Konohagakure and possibly other parts of the world. Originally just a time for prayer, the Rinne Festival has since evolved into a holiday where friends and loved ones exchange gifts. Stockings or gloves are typically used to hide small gifts for children.

Within the moon, the Rinne Festival coincides with the time of the year where the floating island — the temple of Hamura Ōtsutsuki — comes near Toneri Ōtsutsuki's castle. That time is also called the.

Trivia

 * The Rinne Festival is similar to the real-world holiday, Christmas. In Naruto SD: Rock Lee no Seishun Full-Power Ninden and Sasuke Uchiha's Sharingan Legend, Christmas is the winter holiday celebrated.
 * Given that the festival has the term "Rinne" in its name, it possibly has a connection to the Sage of the Six Paths or the Rinnegan.