The term 'New Year's Eve Figure' refers to two people who are traditionally associated with the celebration of New Year's Eve. The first is a 'Reveler, ' which is a person who takes part in merrymaking and festivities. The second is 'Fathertime, ' which is a personification of the passing of time, often depicted as an old man with a long white beard and a scythe. Fathertime is usually seen as a symbol of the end of the old year and the beginning of the new.