According to
Wikipedia, Cinco de Mayo commemorated a short-lived Mexican victory over the French in the first Battle of the town of Puebla, which now celebrates the day with an arts festival.
More popularly celebrated in the United States than Mexico, the date has become associated with the celebration of Mexican-American culture. These celebrations began in California, where they have been observed annually since 1863. The day gained nationwide popularity in the 1980s thanks especially to advertising campaigns by beer and wine companies. Today, Cinco de Mayo generates beer sales on par with the Super Bowl.
Cinco de Mayo is sometimes mistaken for Mexico's Independence Day—the most important national holiday in Mexico—which is celebrated on September 16, commemorating the Cry of Dolores, which initiated the war of Mexican independence from Spain.
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