In Western culture, some symbols of the new year are Father Time, who represents the year coming to the close and Baby New Year, who represents the coming year. The yule log, when decorated and burned, represents light overcoming darkness.
Other Western symbols of the new year range in form from decorations to food and drink. Candles are often displayed and lit around the new year and are believed to be a token of good luck.
People often toast with champagne at the dawn of a new year. Traditionally, the beverage was associated with royal courts, and celebrating with it was a status marker, but the drink today represents a sense of joy and accomplishment at many occasions, including the launching of a new ship and victory in a race.