In years gone by, Trafalgar Square was the go-to place for revellers in London on New Year's Eve. No special events would be put on, leaving a largely inebriated crowd to hug each other and jump into the freezing cold fountains, though eventually they were covered over on the big night.
More recently, however, the Thames has become the focal point for celebrations, with music and fireworks to entertain the gathered masses.
Around 250,000 people are expected to assemble along the river between Waterloo Bridge and Lambeth Bridge on the evening of the 31st. From 10pm, an exclusive live DJ set will kick off, hosted by Radio 1's Nihal.
Then at ten seconds before midnight the countdown to 2012 will begin, with a spectacular fireworks display bursting into life on the stroke of twelve. With Big Ben's bongs bonging in the background, there can surely be few better places to see in the new year.
Organisers of the event advise those interested in attending to arrive at around eight or nine o'clock to secure a decent place - especially if you're making for the area around the London Eye and Houses of Parliament.
As you can imagine, it'll be very crowded, and some viewing areas (which are all free to enter) have a limited capacity.
If you'd rather not get right in the thick of it, keep in mind that the fireworks display takes place near the London Eye, so as long as you're in a position where you can see the giant Ferris wheel, you should be able to see the display too.
Food and drink will not be on sale at the event, but you're welcome to take your own, of course.
Cold temperatures mean you'll be wise to wrap up well. Throw a flask of hot soup in your backpack too, alongside the champagne and plastic cups.
There's an excellent list of FAQs here which will help you better plan your evening if you're intending to go along.
Of course, if you're not really into the idea of being stuck in the cold for four hours among a crowd of thousands, fear not - you can still watch the fireworks from the comfort of your sofa. From 11.55pm, BBC1 will be broadcasting events down at the river.