The fabled Bhoto (vest) gifted by Serpent King Karkot is displayed from the Macchendranath chariot archway so that the rightful owner can claim it.
Tag:
Bhoto Jatra
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Rato Macchendranath, the guardian of Kathmandu valley, to Hindus, he is also Bunga deo and Avalokiteshwara to Buddhist while learned Buddhists identify him as Padma Pani, the fourth of the five Buddha who represent the elements. He has a red face and eyes benevolently lowered, Red face, hence the Rato Macchendratha.