The Blue Holiday Ornament is a balloonicle from the Macy's Thanksgiving Day Parade.
History with the Macy's Parade
The Blue Holiday Ornament was initially scheduled to debut in the 2010 Macy's Parade, alongside the Red Holiday Ornament. However, the balloonicle deflated overnight due to unknown circumstances. Unlike the Red Ornament, it did not return for the 2011 Parade, becoming the second of two known units in the Parade (the first being Dudley the Dragon) to never finish the entire parade route. It is unknown if it will make any further appearances.
Since its retirement, it has sat dormant at the Macy's Float Warehouse alongside many other retired balloons.