Fiesta-Five, a new product launched on Dragon Innovation, is aiming to take the art of celebration to the next level by renovating the common “high-five.” The premise for Fiesta Five is simple: give another person a celebratory high-five and confetti will blast like magic from your palm.

The Fiesta Five is an easy-to-use re-loadable device that firmly attaches to the palm of your hand. When another person gives you a high-five, a stream of multi-colored confetti is released.

High-fives are the perfect medium to spread good feeling and everyone gives them,” says Chase Bourdelaise, founder of Fiesta-Five. “We’re just making them better and constantly awesome.”

There’s a strange moment of satisfaction when you give someone the perfect high-five, and Fiesta-Five strives to capitalize on that. “The Fiesta-Five gives you that satisfying thunderclap every-time, without hurting your hand,” the campaign reads. “Add to that a shower of colored confetti and it’ll be your cheeks that are hurting from smiling so hard!”

Though the Fiesta-Five is currently only available in red, white and blue, in the future, the team has big plans for customizable options. For sporting events, where people are more likely to high-five, the Fiesta-Five team hopes to be able to supply confetti cartridges with the desired team’s color and logo.

Bourdelaise and Paul Wagner (COO) launched their campaign to raise funds for Fiesta-Five via Dragon Innovation—a Kickstarter-like program that Bourdelaise thought would work better than its popular counterpart.

A large percentage of crowd-funding campaigns with other sites, such as Kickstarter, fail due to a lack of understanding of the costs associated with manufacturing,” Bourdelaise told Wall Street Insanity. “Dragon Innovation stems from a group with backgrounds in contract manufacturing and over 200 years of combined experience overseeing the development and production of products.”

The founders are aiming for $56,000, which will assist them in the cost of tooling for injection molds and the initial minimum order of product with their manufacturer.

The tooling is by far our biggest fixed cost here, which are large steel molds that we will inject molten plastic into that will allow for efficient mass production of the Fiesta-Five,” said Bourdelaise.

Response to Fiesta-Five has been very positive. “The most interesting response has been people asking for them at their wedding, which is amazing…. but we really see this product at sporting events, tailgates, and anything were you can show your support for a team, cause, or event.”

Though the idea for a confetti celebration of the high-five seems far-fetched, the story behind it aptly matches the product. On alumni weekend in college, the current Fiesta-Five team was sitting around a table when a man known for his high-fives walked through the door. The person then proceeded to give everyone around the table a high-five, when it dawned on Bourdelaise that it would have been “epic” if each high-five ended in a shower of confetti.

The team got started on a prototype right away.

I made the first prototype with a trip to PetSmart and Lowes hardware,” says Bourdelaise. “With a bladder from a dog squeaker toy and some plastic tubing, I used air pressure to expel the confetti. It worked and was great! But, the problem was that it wasn’t consistent and hinged on the amount of force and accuracy of the high-five. So, I hired an engineer and started developing something with a small charge so that you got the same high-five experience every-time.”

The second prototype took about eight months to create. Once the basic functionality of the design was crafted, the Fiesta-Five team continued to refine and fine-tune it, going through about 10 different versions before finally settling on a product they were happy with. The entire process, from the initial prototype to a working prototype, took about three years.

As of now, the entire Fiesta-Five team all have full-time jobs outside of Fiesta-Five. Diego Punin, an engineer for the team, has never even met the other Fiesta-Five crew, although his commitment has been pivotal for the progression of the project. Bourdelaise met Punin on eLance, a website platform that connects freelancer with contractors. Punin has worked remotely (beginning in Ecuador and then in London) for three years and has only seen his team via Skype. Still, Bourdelaise is optimistic that Fiesta-Five will grow into much more in the future, giving them each the opportunity to all become full-time doing what they enjoy most.

The Fiesta-Five has really just been a dream side project/hobby, and it’s an incredible feeling seeing it come to life,” says Bourdelaise. “I joke in saying that it’s been my personal MBA program because it really has been a great learning experience.”