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ticker-tape parade

[tik-er-teyp]
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noun
  1. a parade honoring a visiting dignitary, hero, or the like in which confetti, shredded newspapers, or the like are showered into the streets from buildings along the parade route.
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Origin of ticker-tape parade

from the former practice of using ticker tapes
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018