Acharya Prashant explains that the festival of Holi signifies the burning of Holika, a celebration of the victory of truth over falsehood. He observes that most people, however, celebrate it as if they are honoring Holika, not Prahlad. The essence of the festival, which is to not support falsehood no matter how powerful it is, has been lost. People have misinterpreted the name "Holi" to mean remembering and paying tribute to Holika, as if she were a martyr. The speaker elaborates on the story of Prahlad and Hiranyakashipu. The true meaning of Holi is that one must not compromise with falsehood, even if it comes from one's own father or king. Prahlad, a small child, stood against his powerful father, Hiranyakashipu, who had declared himself God. Hiranyakashipu was not just a king but also Prahlad's father, representing the most intimate natural and blood relationship. Prahlad's stance shows that Truth is supreme, even over one's father and nature itself. The story teaches that one should not bow before the wrong, even if it is represented by one's closest relations. The narrative of Holika trying to burn Prahlad but getting burned herself illustrates the victory of innocence and truth. Holika, with her fireproof shawl, represents a powerful force of evil, yet she is defeated. The story further shows that when one walks the path of truth, even close relatives can become enemies, as Prahlad's father and aunt tried to kill him. The entire tale, including the emergence of Narasimha to kill Hiranyakashipu, demonstrates that the ego's cleverness, no matter how sophisticated, is ultimately defeated by the simplicity of Truth. Acharya Prashant strongly criticizes the modern-day practices associated with Holi, such as consuming alcohol and meat. He questions where these practices, along with hooliganism and misbehavior, came from, as they have no connection to the festival's original meaning. He points out that the festival is about celebrating the victory of a small child's simplicity and innocence. Therefore, the day of the festival should be observed with special discipline, not with more debauchery. He laments that this trend of consuming meat and alcohol on religious days is a recent corruption of Indian culture and Sanatana Dharma, which is destroying their very essence.