It was established in 1939 and coincides with the birthday of Confucius. Here is a excerpt on the topic from Wikipedia:
"The day honors teachers' virtues, pains, and also their contribution not only to their own students but also to the whole society. People often make use of the day to express their gratitude to their teachers, such as paying them a visit or sending them a card. This date was chosen to commemorate the birth of Confucius, believed to be the model master educator in ancient China."
My students & employer went above and beyond the call of duty this year. I received tons and tons of chocolate goodness from several of my students and a really cool thumb drive for my computer from the boss lady. The thumb drive, or USB drive, has my name on it...I like it!
It's always great to get stuff from the kids, it makes me feel like a million bucks. I love my job so the gifts are icing on the cake.