The term 'Entry in the Rose Parade' refers to a FLOAT that is part of the annual Rose Parade, which is held in Pasadena, California on New Year's Day. The FLOAT is typically decorated with flowers and other decorations and is usually accompanied by marching bands, equestrians, and other performers. The FLOAT is an important part of the parade and is seen by millions of people around the world. The solution to the crossword for this term is 'FLOAT, ' which is a five-letter word.