Thousands head to Balboa Island every year for this century-old maritime tradition. Swanky yachts, small schooners, and even kayaks deck their hulls and parade through Newport Harbor. Landlubbers can catch the action from almost anywhere on shore. Reserve a table at Balboa Bay Club & Resort, The Chart House, or another waterfront restaurant for an evening of “light” dining. And be sure to catch the fireworks show on the final night of the parade; 949/729-4400 or christmasboatparade.com.