Well, it is not going very well.
Shortlly after it began, 911 calls started rolling in about numerous boats being in distress - with some actually SINKING! If that isn't a metaphor, I don't know what is.
The sheriff's office confirmed to CBS that "multiple boats have been sinking and are in distress."
Here are real time updates on what is going on at the parade.
This pretty much sums it up: