Eid in Arabic means feast or festivity. Muslims celebrate two religious Eids: Eid ul-Fitri is the celebration at the end of Ramadan, the month of fasting. It is the more festive celebration after a month of abstinence and self-control; children receive money (Eidi) or presents and new clothes, so do some adults. Everyone will wear his or her finery.
The Eid that we are celebrating now is the more somber festival and has multiple names including Eid al-Adha or Eid e-Qurban (both meaning Festival of Sacrifice) and Eid ul-Hajj (Festival of Hajj).
It celebrates the end of the Hajj or the pilgrimage to Mecca during which Muslims around the world celebrate along with the almost 3 million pilgrims in Mecca.
The story of Eid ul-Adha is mostly narrated as the story of the miracle of God replacing Abraham's son with a ram at the moment of intended sacrifice by Abraham of his son Ismail. The miracle is celebrated with the sacrifice of an animal and the distribution of the meat to family, community and the poor. It is a grand tale of patriarchy and submission.
What is often glossed over or even forgotten is the role of an African woman in that story and its remembrance in one of the five pillars of Islamic practice, the Hajj.