Final answer:
The painting is most likely depicting Laozi, the founder of philosophical Daoism, celebrating living in accordance with the natural way of things.
Step-by-step explanation:
The painting depicting a man setting fire to his hut and dancing around a fire in joy, while immortals gaze down is most likely depicting Laozi (also written as Lao Tzu) who is the founder of philosophical Daoism. Laozi's teachings emphasize simplicity, harmony, and following the natural way of things, and this painting reflects the celebration of living in accordance with the natural way. Daoism is a belief system that encourages living in accordance with the dao, the natural way of the universe and all things.