Used for visually rich scenes (fireworks, parades, murals, gardens) and metaphorically for "rich and varied" life, culture, history, memories. Typically positive — decorative writing rather than plain speech.
memory
Four characters, four angles on color: 绚 (dazzling) + 丽 (beautiful) + 多 (many) + 彩 (hues). Literally "dazzlingly-beautifully-many-colored."