It is a party where people wear masks and costumes and have fun with music, dancing, food and drinks. The name of the event is inspired by the city of Venice in Italy, which is famous for its canals and bridges. Venice is also known for having a problem with flooding, which means that sometimes the water level gets too high and covers the streets and buildings. Some people say that Venice is sinking because of this problem, and that one day it might disappear under the water. That’s why the event organizers chose this name for their party, to make it more interesting and mysterious.