Victory Day, a very unique holiday celebrated only in the state of Rhode Island in the United States of America, commemorates the end of the World War II. The actual signing of the surrender document by Japan was on September 2, 1945, but in United States, it's recognized on the second Monday in August. This day is officially known as 'Victory over Japan Day', however, it's commonly referred to as V-J Day.

Victory Day holds a special place in the history of Rhode Island as it's the only state in the U.S. that still observes this holiday. The significance of this holiday traces back to the large number of Rhode Island residents who lost their lives during World War II, the majority of which were in conflict with the Japanese. The day is marked by ceremonies, parades, and various public and private events to honor the veterans of World War II.

While Victory Day is commemorated with zeal in Rhode Island, it remains a controversial holiday since it's the only U.S. federal holiday that recognizes the end of World War II. Many other states have formally abolished it due to its perceived negative implications. However, Rhode Islanders continue to observe this holiday as a tribute to their state's sacrifice and to promote a lasting peace.