Mochi is a gently sweet dish with a soft/fluffy texture. By itself it is somewhat desireble but used as a wrap or dipping it into a sauce is personally more satisfying.
History of Mochi:
An introduction to traditional Japanese rice dishes would not be complete without the Japanese rice cake: mochi. This dish is often used in religious offerings and eaten in many holiday celebrations most notably new years. During the New Year celebration people traditionally prepare the rice flour by pulverizing the rice in wooden mortars with mallets in a ceremony called Mochitsuki'hi'. This “cake” can be used in combination with other Japanese foods, it is often stuffed with fruits nuts or even used in soups. Modern day uses of mochi include snacks, candies, and mochi covered ice cream.