Words:後Ato = after /
のno = genitive joshi particle /
祭りMatsuri = festival
Pronunciation:[ah-toh-noh-mah-two-rhee]
English Equivalent:
The ship has sailed -- It’s too late. / No use crying over spilt milk.
Notes:
Just as decorated floats are useless once the festival is over, it's pointless to regret or doing anything else for something that's already over. I could have passed the exam if I had studied harder! -- Well, it's Ato no matsuri regretting now.