It is one of the longest running traditions on TV and you may have to wait until next year for it to happen.

The weather is looking mighty cold and windy this Thursday and that could mean a cancellation of the Macy's Thanksgiving Day parade.

According to reports, there is a limit to how much wind the massive balloon cans take and by law, New York City can keep them from being in the air and posing a danger to the fans.

Newsweek.com reported that:

"Macy's Parade spokesman Orlando Veras previously told AccuWeather that when sustained wind speeds exceed 23 mph and gusts surpass 34 mph, giant balloons cannot be operated due to city regulations," AccuWeather reported.