Hundreds of thousands packed Chinatown's streets yesterday to celebrate the Lunar New Year's Year of the Water Dragon. A Better Chinatown Society spokesperson estimated that nearly 400,000 watched the colorful pageantry.

Better Chinatown Society President Peter Sang explained, "Water represents money, so the dragon will bring fortune and money to our community. That's what we need now, right? Jobs and money."

Check out the revelry in these videos: