Holi is the festival of colors .The festival is celebrated for two or three days.Holi is celebrated in spring season .Hinduism believe that spring is the full of colors so they throw colors and water to each others.Holi is based on the legend about king Hiranyakaship.
He chose to die because his creater did not have any sympathy for him and he feels worthless. The moster's creater does not at all want any relationship with his creature.