The name "Khatu Shyam" translates to 'One who provides strength to the defeated and disheartened'.
Khatu Shyam Ji is considered an incarnation of Lord Krishna specifically for the current age, Kalyug.
The birth anniversary of Khatu Shyam is celebrated on Kartik Shukla Ekadashi.
From the sixth day of the bright half of the Hindu month Phalgun until the twelfth day, a grand fair called "Gyaras Mela" is organized in the vicinity of the Khatu Shyam temple.
According to mythology, Barbareek, whose modern-day identity is associated with Baba Khatu Shyam Ji, was the grandson of Pandav Bhima.
Lord Krishna granted Barbareek the boon of being worshipped in Kalyug, and he is now revered as Baba Khatu Shyam Ji.
Baba Shyam is believed to have appeared at the Khatu Shyam temple pond after a devotee's dream, revealing himself in the Shaligram form of Lord Krishna.
Khatu Shyam Ji is also known as "Sheesh Daani" as he offered his head to Lord Krishna.
Khatu Shyam Ji is sometimes referred to as "Morchedhari," indicating his association with Lord Krishna, who is often depicted with a peacock feather.
Khatu Shyam Ji is acclaimed as the second-best archer in the world, emphasizing his exceptional skill in archery.
Khatu Shyam Ji is associated with supporting the losing side in a battle, hence being called the supporter of the defeated.