While the most common Thanksgiving Day tradition is undoubtedly enjoying a large turkey dinner with the family, one of the more famous traditions for the day is the annual Macy's Thanksgiving Day Parade in New York City.

The annual event, now celebrating its 88th year, will be taking place once again with tons of live entertainment, wonderful floats and countless balloons flying through the sky on Thanksgiving Morning. And there is a reason this long-standing tradition is a favorite for New Yorkers who can attend the event live, as well as those around the country who gather around their televisions Thanksgiving Morning to watch it.

Here are our seven reasons we love the parade-and why we're excited for the 2014 celebration of all things Thanksgiving.

1. It's a tradition

The parade has been a Thanksgiving tradition from Macy's since 1926, and it's something whole families can enjoy together before they sit down for their annual dinner.

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