Abstract: A party wheel including a housing that has a streamer receptacle and a lid. The streamer receptacle has a bottom member and a top edge, with a peripheral wall therebetween. Included are a plurality of rectangular slots. The slots are proportionately spaced along the peripheral wall. Also, a plurality of spindles are interconnected to an interior surface of the bottom member of the streamer receptacle. Each spindle is spaced from a corresponding slot of the peripheral wall of the streamer receptacle, and receives a streamer roller. Each streamer roll may be spun about the spindle, when one end of the streamer roll is pulled through and away from the corresponding slot. The lid is capable of enclosing the plurality of streamer rolls within the housing. The one end of each streamer roll is extended through the slot. Lastly, a swivel hanger is coupled to an upper portion of the lid to allow the housing, with the rolls therein, to suspend from a ceiling.