The Macy's Thanksgiving Day Parade is one of the most anticipated events of the year as millions of people fill the streets of New York City to watch the massive floats, dancers, marching bands and more.

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This year's parade, which kicks off at 9 a.m. on Thursday, will include six new balloons, including The Weinstein Company's Peruvian bear Paddington, Pikachu, Pillsbury Doughboy, the Eruptor and the Thomas the Tank Engine. These new additions will join past favorites like Hello Kitty, Papa Smurf, Spider-Man and many more.

The 88th annual parade will also attract several celebrity guests, such as Hilary Duff, Becky G., Lucy Hale, Nick Jonas, KISS, Sandra Lee, The Madden Brothers, Idina Menzel, Miss USA Nia Sanchez as well as NHL legends John LeClair and Pat LaFontaine.

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NBC's Today hosts Matt Lauer, Al Roker and Savannah Guthrie are also set to anchor the broadcast.

"From its humble beginnings in 1924 to the breathtaking spectacular of today, the Macy's Parade lineup unfolds each year in grand fashion. It's not just a parade marching down an avenue; it is a march through tradition, history and popular culture," NBC said about the parade.

Those who want to witness the excitement firsthand are recommended to watch from three spots: Central Park west, Time Warner Center as well as Sixth Avenue between 59th and 38th Street.

For those who can't make it to the parade, it will be available on NBC or CBS or via live stream online here.

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