The Collaborative International Dictionary
ticker tape parade \ticker tape parade\ A parade to honor a person or persons, held in New York City, during which people in the tall buildings of Manhattan throw large quantities of paper, confetti, paper ribbons, or the like onto the parading group. The name comes form the ticker tape originally thrown onto the parade when it passed stockbrokers' offices in lower Manhattan, before stock tickers became obsolete; in subsequent years other types of waste paper were used to serve the honorary function, as well as paper tape distributed specifically for the purpose of being thrown in such a parade.
Wiktionary
alt. A ceremony in which a person or persons are honored by being showered with ticker tape while parade through the streets of a city (generally Manhattan). n. A ceremony in which a person or persons are honored by being showered with ticker tape while parade through the streets of a city (generally Manhattan).
Wikipedia
A ticker tape parade is a parade event held in a built-up urban setting, allowing large amounts of shredded paper (originally actual ticker tape, but now mostly confetti) to be thrown from nearby office buildings onto the parade route, creating a celebratory effect by the snowstorm-like flurry. The concept originates from and is most usually associated with the United States, especially with New York City. Outside of the United States, ticker tape is often associated with the 1978 FIFA World Cup held in Argentina.
Usage examples of "ticker tape parade".
We rode in a ticker tape parade down Wall Street in New York, and in a parade I enjoyed a lot more through the town of Daytona, local kids who had made good.
Coach Megowan, hot from the observation booth and still trailing game-plan tapes like a person caught in an old-time ticker tape parade, came pounding down from the upper level of the arena.
They were feted across the country, interviewed on countless television talk shows, and given the traditional ticker tape parade in New York.