The celebration of Epiphany is the culmination of what is traditionally called the "Twelve Days of Christmas." The word literally means “revelation” or “sudden unveiling” or “manifestation.”
The day, which historically has been celebrated with as much joy as Christmas, Easter, and Pentecost, commemorates the day when wise men from the East were conducted by a miraculous star to the nativity in Bethlehem. The Magi were thus the first to comprehend that Jesus was not merely the prophetic fulfillment of Jewish aspirations since the beginning of time. Instead, He was the hope of the world, the light of the world, and the joy of every man’s desiring. They beheld the very glory of God that day--for in the city of David, the Savior was born.
As a result, Epiphany is the celebration of the ultimate proclamation of good news. Good news, indeed.