It is tradition to burn a paper or rag figure for New Year's Eve in Honduras.

Why is this figure burned?
What is the figure's name in Spanish? (2 words)

The figure burned is called "Año Viejo," which translates to "Old Year" in English. It symbolizes leaving behind the old year and welcoming the new one. Burning the figure is believed to bring good luck and a fresh start for the upcoming year.