Prep a balloon drop
You might not be able to install your own ball drop in the living room, but you can easily fake it with a bunch of balloons! Simply set up a balloon drop kit (available at Party City and Amazon, among other retailers) or make your own by filling a table cloth or some netting with a bunch of balloons. When the clock strikes midnight (or your kids reach the end of their countdown) release the balloons! Your kids will love the surprise.