Hundreds of people made their way to Dumbo for a new annual tradition Friday night.

The Great Dumbo Drop, hosted by the Dumbo Business Improvement District, serves as a way for neighbors to have fun while supporting a good cause.

The event has thousands of mini toy elephants parachuting from the sky onto Washington and Water streets.

The toy elephants can be adopted for $20 each and all proceeds go toward supporting local schools.

This is the second year the event was held.