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The Laughing Buddha statue, also known as Hotei or the "Happy Buddha," is a symbol of joy, abundance, and good fortune. Typically depicted as a cheerful, rotund figure with a bald head, he is often seen laughing with a large belly that symbolizes prosperity and contentment. His open, extended arms sometimes hold a sack or gold coins, representing wealth and fulfillment. The statue is believed to bring positive energy, happiness, and blessings into one's life, often placed in homes, businesses, or gardens to invite luck, spiritual abundance, and joy.