A lighting system for a palm tree. The lighting system includes a plurality of adjustable straps having a network of interconnected lights therebetween, and one or more tubular sleeves configured to removably secure a tube having a collection of retractable fiber optic lights therein. The one or more tubular sleeves and the tube are positioned near an upper portion of the network of interconnected lights, thereby enabling placement of the retractable fiber optic lights near an upper portion of the palm tree when the retractable fiber optic lights are in an extended position. After installation of the lighting system onto the palm tree, the network of interconnected lights and the retractable fiber optic lights are illuminated, thereby providing an aesthetically appealing decoration.