Many times.

This is the first year that we won't really be hosting a big one and we know the grand total of 3 people in this town lol
Great music, if you have Foxtel, Music Max is usually great for New Years, otherwise, an iPod dock and your music collection downloaded on it, is your friend. My dh used to download our music onto a computer and play it attached to some speakers, before we got our Apple accessories.
We usually make cocktails for NYE. This year we will be having mango daiquiris and Midori Illusions. We also like a bottle of champagne on hand for the countdown to NYE. If your friends are interested in cocktails, maybe you can all chuck in for the alcohol for cocktails together.
We do a simple BBQ. Homemade rissoles, sausages, chicken nibblies, bread rolls and potato salad are always winners. Plus people will eat the leftovers (if any) later on in the night when they get the alcohol fueled munchies.