My family (mostly my mother) likes to have a party every new years. We normally deep fry stuff and have punch. It's an adult and kid party so we have punch for the kids and mixed drinks for the adults. It's pretty relaxed, and no, we don't give champagne to the kids. Recently we started playing DDR every year. It's been a big hit. Especially when the adults get drunk enough to join in :D

We have a ton of noise blowers that we blow at midnight. Every T.V. is the house is turned on, and we listen to the countdown. It's funny when once t.v. is slower then the other. "Ten (ten) NINE (nine)..."

and lots of food

I like new years more than christmas, even if I don't get presents.