Baba Marta and martenitsa!

Today is the bulgarian holiday Baba Marta. On this day we wear a small piece of adornment, made of white and red yarn (martenitsa)
On the first day of March and few days afterwards, Bulgarians exchange and wear white and red tassels or small dolls called "Pijo and Penda".
In Bulgarian folklore the name Baba Marta (in Bulgarian баба Марта meaning Grandma March) is related to a grumpy old lady whose mood swings change very rapidly.
The martenitsa is also a stylized symbol of Mother Nature. At that early-spring/late-winter time of the year, Nature seems full of hopes and expectations. The white symbolizes the purity of the melting white snow and the red symbolizes the setting of the sun which becomes more and more intense as spring progresses. These two natural resources are the source of life. They are also associated with the male and female beginnings.

Martenitsa is usually worn pinned on the clothes, near the collar, or tied around the wrist. The tradition calls for wearing the martenitsa until the person sees a stork or a blooming flower.(from Wikipedia)