Create a cheerful setting for your New Year's party with these festive and crafty decoration ideas.

These festive ornaments are reminiscent of Champagne bubbles rising to the top of a glass -- perfect for a New Year's Eve bash.

Don't toss those scraps of leftover holiday paper! Use them to make these glamorous streamers, inspired by the Times Square ball.

A brightly hued citrus centerpiece, piled high with velvet leaves and silver balls, brings sophisticated cheer to an evening of Champagne toasts.

Make sure all eyes are on the time with this festive mantel display.

Here's a bright way to point guests to the party: Put your house number in lights.

For a touch of drama (and whimsy), hang this banner made from leftover holiday tinsel. To make it, choose the numbers you need from our template and print onto card stock.

Ball-shaped ornaments displayed in glass flutes mimic the rising bubbles in a glass of Champagne.

Guests will go dotty for confetti decorated with their own smiling faces.

For a contemporary centerpiece that turns into party favors at the stroke of midnight, arrange a group of colorful noisemakers on top of a cake stand.

All it takes is a rubber stamp and an ink pad to customize stationery-store staples for a New Year's celebration. Decorate balloons, paper napkins, hats, and other items. Let dry overnight.

For a fun twist on the New Year's Eve countdown, pass Champagne in glasses marked with numbers representing those anticipated last 10 seconds. Self-stick numbers can be found in office- and art-supply stores. On January 2, either peel off numbers (use a cotton ball and adhesive remover to wipe away residue) or save the flutes for next year.

Spruce up your drink trays for the occasion by lining them in metallic paper.

Say cheers to the New Year with these festive number ice cubes. Freeze water tinted with food coloring (or juice) in number-shaped ice trays.

These dahlialike pom-poms appear to float in the air; in reality, they are hung from the ceiling with monofilament, imparting a cheerful radiance to any party.

For a New Year's party at his apartment, Living's Kevin Sharkey created instant drama by filling a room with silver and white balloons.