ticker-tape parade

[ tik-er-teyp ]
/ ˈtɪk ərˌteɪp /

noun

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.

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. 2019