A large shredding machine was made available for people to destroy unpleasant memories from the past year, and get ready to ring in the new year without them.
These included anything that could be shredded, including pictures of an old flame, mortgage documents, old tax records, or a pile of medical bills. Bad memories could also be written down to be shredded.
The annual Good Riddance Day is inspired by a Latin American tradition in which dolls are stuffed with objects representing bad memories and set on fire.
Those who couldn't make it to Times Square for the event could still say out with the old by tweeting with the hashtag #GoodRiddance.
An iPad was to be awarded to the participant on the scene with the most intriguing "good riddance" story.
The Johnson family from Hendersonville, North Carolina won this year's Good Riddance Day contest, and a trip to Times Square for the event, after a painful 2013.
Their 3-year old boy Bodey was diagnosed with kidney cancer, and underwent seven months of chemotherapy.
They were the first to voice their frustrations about the year, and planned to shred their medical bills, along with a picture of Bodey's cat scan.