"I have no money to spend a lot on a costume," said Whalen, 33, of Brooklyn. "It feels great to make your own costume. It's about the creativity."
Creativity was in plentiful supply at the parade, a 35-year-old custom in a community known for its bohemian lifestyle. The parade was started in 1973 as a neighborhood event and now features as many as 60,000 costumed participants.
Organizers estimate the spectacle draws 2 million people such as Daniela Petrova, 35, who came expecting "a freak show."
One participant dressed as a "kissing booth" - price: 25 cents. Another came as exercise guru Richard Simmons.
In a nod to the financial times, at least one participant was dressed as a banker.
Organizers said the parade budget was half of last year's. Some major sponsors, which donate $25,000 and up for large floats, said they couldn't afford it.
Elsewhere, Halloween turned violent. A 12-year-old boy trick-or-treating with his family in Sumter, S.C., was killed by shots fired from inside a home Friday and his father and brother were wounded, authorities said. A suspect was in custody and police called the shooting an isolated incident.
On New York's Long Island, a homeowner was beaten and robbed of cash after he opened his front door to three costumed men
- including one dressed as Superman - who were pretending to be trick-or-treaters.