Definitions by lin77

angpau 

small red envelopes containing money, usually given by married couples to younger unmarried relatives & friends during Chinese New Year or special occasions (i.e. birthdays); Chinese tradition.

literal translation:
ang = red
pau = packet

On the morning of the first day of Chinese New Year, Mom and Dad, as is customary each year, handed me an angpau containing $100!

angpau by lin77 August 9, 2008