Funny, I live in the South, love black-eyed peas, but never make this/eat this on New Year's Day.
However, it is a tradition for the hubster and I to make Low Country Boil (boiled potatoes, corn on the cob, smoked sausage, and shrimp boiled in a big pot seasoned with Old Bay seasoning) every New Year's Day.
We started the tradition when we were in college and living together on our own without roommates. Being college students we really couldn't afford a nice meal, and even spending money on a pound of shrimp hurt our wallets, but we started doing it to treat ourseleves to something "special" and out of the ordinary for New Year's. I almost forgot about it, until the other day when the hubster arrived home after running eraands and asked if I wanted to go to our local gormet grocery store and pick up some shrimp. My mom is staying with us this weekend for a late Christmas celebration with her, and she loved the special meal. She was planning on loeaving today, but when I told her we'd have Low Country Boil, she decided to stay. LOL! Hmmmm I wonder why (espcially when you consider my mom lives in Savannah and can GOOD low country boil every day of the week down there).