We'll probably watch a parade on the TV, but that's about it.
Add: When I was in first grade an Asian girl (I can't remember if she was Chinese, Korean, Japanese, or a mixture, I know her parents/grandparents were refugees) told me how special it was that we were of the year of the snake. We always celebrated Chinese New Years with her, and the school always did something. We'd have a little parade, kids in a dragon dancing thing, and the San Francisco parade in China Town was always fantastic even on TV!
She was hit by a car when I was about 10, and died. Something I remember from the funeral was the grandparents giving us pennies and chocolates in a red wrapped box. The penny was to remember that with misfortune life still has fortune. The chocolate to remind us that with the bitter, we still have the sweet. It was a very profound and powerful memory in my youth.
When I celebrate something for Chinese New Years, then usually it's to remember my friend. The penny and chocolate is something I do plan on passing onto my children, and a respect for the wonderful things in those beliefs.
But this year it snuck up on me. :P After you told me though, that made me determined to get my daughter's room clean and use the carpet cleaner on her rug, and all the beds at the least be made.
It should be a fantastic parade this year, Year of the Dragon is always very spectacular.
Add: When I was going to school, public school mind you, we sang songs and made dreidals, and we did things for Chinese New Years. Why not?