Many folks will venture out this New Year's Eve to attend a party, others will stay at home and throw their own, and some will just chill and watch "Dick Clark's New Year's Rockin' Eve.Well, this year ABC will be featuring a TV special highlighting the best moments from the past 40 years of Dick Clark's New Year's Eve Rockin' Eve. Carrie Underwood's 2008 performance of "Before He Cheats" will be featured as well as Taylor Swift's "Picture To Burn" from 2009.

The 40th Anniversary Party starts at 7pm Central on ABC, followed up by the live broadcast of Dick Clark's New Year Rockin' Eve with Ryan Seacrest. The Band Perry is expected to perform live.