$12,000 for a 1 Year Old's Birthday Party...Insane or Your Business?

Over the top birthday parties was a topic on Rachael Ray a few days ago and as I was watching I begin to think, "is it wrong or is it their own prerogative?" Of course a 1 year old will not remember the party so are we really doing it for our child or to compete with other parents? Take a look at the video and judge for yourself. Side note* ( I am throwing my son a party for his first birthday but it won't be 12 G's!)