The "ball drop" is a New Year's Eve tradition that takes place in Times Square, New York City. At midnight on December 31st, a large illuminated ball descends from a flagpole atop the One Times Square building, marking the start of the new year. This event attracts thousands of spectators and is broadcasted to millions around the world. The first ball drop occurred in 1907, using a 700-pound iron and wood ball. Over the years, the design has evolved, and the current ball is made of crystal and weighs about 11,875 pounds. The event symbolizes hope and renewal as people celebrate the arrival of a new year.