We caught the parade just as it was passing the train station at the end of it's route, and we were able to watch the bulk of the floats pass from the Main Street Train Station while we waited for the train. It was perfect because I wanted the kids we brought to see the parade, but I didn't know if they'd love it, so I didn't spend park time saving our group spots. They had an awesome view from up there! Most rides stay open during the parade and fireworks part of the night, the exceptions are the rides in Fantasyland, which close for the fireworks, and Toontown which always closes early. If you don't care to watch the fireworks show 'properly', try catching a glimpse while riding the Matterhorn, Big Thunder, or Splash Mountain!