2012 is the Year of the Dragon, according to the Chinese calendar. The Chinese zodiac has twelve animals, each assigned a year, unlike the European zodiac which is divided up by month. Each year is also assigned an elemental sign, from the traditional five elements: wood, fire, earth, metal, and water. 2012 happens to fall under the water sign, so those born in 2012 are water dragons.
The U.S. Postal Service, in honor of the Chinese New Year, issued a dragon stamp,
Those born in the year of the dragon have red and violet as their colors, and are considered magnanimous, strong, self-assured, noble, intellectual, fiery, passionate, pioneering, and artistic. Of course, they are also tactless, tyrannical, intolerant, impetuous, and demanding.
Sounds about right.