The Main Street Electrical Parade debuted in 1977 in Florida, lighting up the pathways throughout the Magic Kingdom.
It was originally held in Disneyland in 1972.
It also was held at Disney California Adventure park from 2001 until 2010, when it returned to Orlando for its latest run, park officials said.
The floats are covered in half-million LED lights and are brought to life through live character performers and a soundtrack called "Baroque Hoedown."
The parade includes a 23-foot clock tower, a smoke-breathing Pete's Dragon and a 108-foot patriotic flag finale.
Characters also wear costumes adorned in lights.
There is no word on what, if anything, will replace the parade at Walt Disney World.
It was recently announced that the "Paint the Night" parade will end its nightly run in Disney's California Adventure park on Sept. 5. It will still be shown on select nights during the holiday season, Disney officials said.