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ticker-tape parade

[tik-er-teyp] /ˈtɪk ərˌteɪp/
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.
Origin
from the former practice of using ticker tapes
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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