Giant inflated balloons, colorful floats and famous stars will fill the streets of New York City on Thursday at the 92th annual Macy's Thanksgiving Day Parade, one of the world's largest parades. /VCG Photo

Preparations were finalized on Wednesday. A total of 16 giant balloons, 26 floats, 1,200 cheerleaders and dancers as well as more than 1,000 clowns and 12 marching bands will feature the parade. /VCG Photo

This year, a new balloon called "Little Cloud," one of the iconic characters of the art collaborative FriendsWithYou, will debut in front of an anticipated 3.5 million spectators on the streets of Manhattan. /VCG Photo

However, unfavorable weather threatens to curtail the event with high winds expected, which could mean that the balloons could be lowered or even removed. /VCG Photo