This word is from the Spanish banderita (meaning: small flag or small pennant).
banderita: a small pennant used as a colorful trimming in fiesta banners
This Filipino word is used in plural form most of the time.
banderitas: small flag-shaped pieces of paper or plastic that are arranged in a string and hung up during festivals
Makulay ang mga banderitas.
The banderitas are so colorful.
Nagsabit sila ng mga banderitas.
They strung up some banderitas.
KAHULUGAN SA TAGALOG
banderitas: ginupit-gupit na papel pangganyak