The very first Waterford crystal ball drop was held in New York on this day in 1907 where the ball was lowered on the roof of One Times Square signaling the beginning of the New Year. The ball itself weighs 11,875 pounds and is rather plump with a 12-foot diameter. About a million spectators brave the weather each year to watch the ball makes its 70 feet journey down a pole. The annual event was first broadcasted on radio in 1928 and on CBS television from 1956 to 1976. Guy Lombardo and his band would perform at New York’s Waldorf-Astoria Hotel. The other large broadcast of the event is still covered by Dick Clark’s New Year’s Rockin’ Eve which is now hosted by Ryan Seacrest (Clark had passed away in 2012).