It our own mardi gras.
The Chingay Parade (Chinese: 妆艺大游行; pinyin: Zhuāngyì Dàyóuxíng) is an annual street parade held in Singapore as part of Chinese New Year festivities. The term Chingay itself originated in Southeast Asia, particularly in Penang, Malaysia, which is a phonetic equivalent of the Chinese words "妆艺", which means "a decorated miniature stage" or float. Today, the parade has evolved into a massive multi-cultural and international event telecast live on television every year.
The Chingay Parade traces its origins to a float decorating competition held in Penang in 1905. This practice of float decoration spread to the rest of Malaya by the 1960s, and eventually became associated with the Chinese New Year.
December is Pesta Pulau Pinang Time....
On 4 February 1973, the first Chingay parade was held in Singapore, partly as a result of the ban on firecrackers a year earlier in 1972 as a result of fire hazards. This ban was viewed unfavourably despite the safety issues involved. Some people felt that the ban would result in a much dampened festival mood for the Chinese New Year period. To address this issue, the People's Association and the Singapore National Pugilistic Association jointly organised a street parade from Jalan Besar to Outram Park featuring the signature floats, acrobatic acts, lion and dragon dances, stilt walkers, and the like, to bring back some cheer to the general public.
The largely Chinese parade became a multi-cultural one from 1977 when Malay and Indian groups started joining in the performances, which was to mark a major precedent in the overall flavour of the parade into one which has become largely multi-cultural in character, despite the continued presence of traditional Chinese acts such as lion dances and stilt walkers till this day.
From wiki :
http://en.wikipedia.org/wiki/Chingay