Me and the wife usually have a party for two, which sadly isn't as dirty as it sounds.
We stay in. Stick on some tunes, and crack open some booze. Usually by about 10 o'clock we're hammering the karaoke with mixed results.
Mixed because she's a singer, and there's a very good reason I'm a bass player.
We usually find new years has been and gone before we get around to checking.
Being a proper, miserable to the bones, old sh@t, I can't imagine anything worse than going out on New year's Eve.
Edit.
Sorry, yeah I can. The only thing I can think of worse than being out drinking for new years, is being out gigging for new years.