Loi Krathong - 10th November 2011 Loi Krathong (or Loy Krathong) is the most beautiful event in Thailand - taking place on the evening of the full moon of the 12th month in the Thai lunar calendar. Loi means “to float” and “krathong” refers to the lotus shaped raft which is traditionally made from a section of a banana tree trunk. Loi Krathong, is also known as the “Festival of Light” due to