The U.P. Lantern Parade is a parade of large lantern-floats around the oval of the main campus of the University of the Philippines (U.P.), the Diliman campus. The first parade was held in 1922 but it was institutionalized as a university celebration in 1934 by then UP President Jorge Bocobo. This annual U.P. tradition and competition takes place on the late afternoon of the last day of classes before the Christmas break. The UP lantern parade attracts crowds of people from all over Metro Manila. Each U.P. unit and college creates a lantern-float on a given theme and presents a brief program to accompany the presentation of the lantern before the audience gathered at the administration hall.