Arts & Entertainment SF to Have First Rose Parade Float in Decades, But It Lacks the City’s Iconic Rainbow Flags SF’s new float will debut on January 1 at the 137th annual Rose Parade in Pasadena for the first time since 1978, but it falls flat in its omission of SF’s signature rainbows, landing as more of a marketing-driven tribute to local tourism than a reflection of the city and its colorful residents.