Hi Stacie! I love the special Magic Kingdom parties and I know you will have so much fun! Just being in the park will get you into the holiday spirit!
You will definitely want to take in the parade at some point during the evening. They will have two each night at 8:15pm and 10:30pm. In between find a good spot to watch the beautiful fireworks at 9:30pm. There are numerous shows at the castle but we find that with the parade and fireworks most of our other free time is spent on the attractions. This is a great night to do some of the more crowded rides and especially if you can wait for the second parade and hit the attractions during the first one. We have never had to wait long in any line during the special party nights which makes them worth it for that alone. Not all attractions are open but most will be operating.
If you have younger children be sure and hit one of the dance parties. An outdoor one is located in Tomorrowland and for something indoor you can head to the Diamond Horseshoe in Liberty Square. Both will include characters and often they will be out on the floor dancing with the kids.
Be sure to stop for several cookie and cocoa breaks throughout the park that evening. Stop and enjoy the snow falling on Main Street too. These are both things that will be forever in your family memory bank as magical!
For a great overview of the party please click
HERE. Enjoy and Happy Holidays!