The 123rd Rose Parade will start off the new year on a festive note at 8 a.m. PT (11 a.m. ET) on Monday, live from Pasadena, Calif. The 2012 parade theme is Just Imagine.

The parade will be held on Jan. 2, a Monday, in accordance with the Never on Sunday tradition, as New Year's Day fell on a Sunday.

The grand marshal for the 2012 Rose Parade is J.R. Martinez, the winner of season 13 Dancing with the Stars competition.

It's really going to be amazing... I think that's really going to hit me in an emotional way, Martinez said in a press conference on Friday. To think, here I am bringing in 2012 in such an unbelievable way.

Viewers can see the floats on ABC, HGTV, KTLA, NBC, RDF-TV and Univision. (The live KTLA stream of the parade is here.)

KTLA will have a live feed.

According to Huffington Post, approximately 700,000 Southern Californians are expected to come out to watch the parade live .

The OC Register's infographic guide to the Rose Parade offers tips for enjoying the event.

The parade moves off on South Orange Grove Boulevard and Green Street and then east onto Colorado Boulevard. It will end turning north on Sierra Madre Boulevard and stopping at Villa Street, according to the Huffington Post.

After the parade, you can watch the Wisconsin Badgers vs. Oregon Ducks via live stream on ESPN.

Related Article: Rose Bowl 2012: Where to Watch Oregon Ducks vs. Wisconsin Badgers