My first suggestion is to check your city. Many cities have a website with several activities specifically designed for kids. They are located throughout the city with all ideas designed for specifically for kids.
Many towns with Hockey teams both professional and minor league have games on New Years Eve. After the game they have open skate and sometimes fireworks. This is such a fun activity for the kids. We went one year, and had a blast! Check the Internet for home games.
I found a website that has family friendly destinations for New Years. It might be a little late this year, but maybe for next year.
Hosting a family game night is a fun way to spend quality time ringing in the New Year, or close to it. This way you are home if you have little ones, you can put them down at bedtime. When I think of game night, I think of board games. There are the classics like Monopoly and Chutes and Ladders and some new games like Apples to Apples and Argue. When Steve thinks of games, he thinks of Wii and Xbox. Some really cool games out for Wii that we love are Dance, Dance Revolution and Just Dance Kids. Da Freakout played this for an hour the other day.
Throwing a party that is specially designed for you and your family, is a fun and cute way to ring in the New Year.
Make t-shirts that read 2011, it's as simple as a puff paint and a t-shirt or you can get fancier with fabric and some heat and bond.
Make noise shakers using a plastic bottle, some beans, rice or beads.
Make party hats out of paper, and craft supplies you have laying around.
Make a resolution Magnet with you kids. Let them draw a picture of what they want to do for the New Years, then put a magnet on it and put it on the refrigerator as a reminder. (That might be a good idea for us too *smile*)
Make a funfetti cake with sprinkles on the outside and maybe a cheap decoration from the dollar store.
Make a meal with all of your favorite food, or appetizers, (especially if you plan on watching what you eat in the New Year)
Give your meal a special name. The Famous Tucker Family New Year's Chili. The Watson's Wonderful New Years Wachetti.
If you don't have fireworks for ringing in the New Year, or if it's illegal in your state, use sparklers. Kids love them, even if you are the one that holds it.
Be sure to have Sparkling Apple Cider on hand for the little ones and something yummy for you. I found this adorable recipe on familyfun.go.com, it's so cute!
or this fun punch
For the Adults, this is my Thirsty Thursday Recipe