To keep people out of the rain or heat or for all the different variety of colors <span />
what exactly is the question?
unrelated, but is Lacey cute?
The answer is it represents the Lokeshvara, Lord of the World. Lokeshvara is a multi-armed form of Avalokiteshvara that seems to have been famous in Nepal since the middle ages. The name advocates that he is the lord of the world with reliable noose which leads grief sentient beings to insight.