Xipe Totec is an important deity in Aztec mythology known as the 'Flayed God,' representing agricultural renewal, springtime, and the cycle of life and death. He was worshipped particularly during the festival of Tlacaxipehualiztli, where rituals included symbolic acts of renewal and sacrifice to honor the god's association with agriculture and rebirth. This deity emphasizes the relationship between humans and the natural world, showcasing the cultural significance of fertility and regeneration in Mesoamerican civilizations.