Krathong floats in the shape of lotus blossoms are most popular and are made from materials easily found in each locality. Loi Krathong customs and traditions reflect local beliefs and cultural evolution and interesting regional variations can be seen. In Tak province, the banana-leaf floats are replaced by coconut shells which are threaded together and launched simultaneously so they appear as long chains of hundreds of glittering lights on the Ping River, hence the origin of its name, "Loi Krathong Sai".

There are various accounts about the origins of Loi Krathong. However given the river-based culture that forms the foundation of the traditional Thai way of life, it is widely believed that these are offerings made to Mae Khongkha - Mother of Waters in an act of appeasement. Many also believe that by setting adrift the krathong, one symbollically casts away one's grief, misery and ill-fortunes. Coins are also placed in the krathong as offerings. For the romantic at heart and young couples, Loi Krathong is the time to make wishes for happiness together and success in love.

At dusk, as the full moon begins to rise, the krathong is decorated with fresh flowers and the candles and incense sticks are placed in the krathong. The float is then taken to a waterway where the candle and incense sticks are lit and the krathong set adrift. The floats are carried downstream by the gentle current, candlelight flickering in the wind.