.[Note: The film""s footage of the actual Macy""s parade hat was filmed in 1946, was part of an annual event that began in 1924.It became a major blockbuster at $65.5 million (on a budget of $13.3 million, making it the most expensive film made-to-date), and as of 2022, it was the # 6 film of all-time in terms of gross (domestic) revenue when adjusted by inflation.[King Pheron""s traitorous son, Prince Takmet (Peter Facinelli) had betrayed them and warned Memnon of their plan, and then beheaded his own father." This farce was loosely based on George S.Kaufman""s hit musical play, and developed from a screenplay by Morrie Ryskind.The central event was a party scheduled at the sprawling Long Island estate mansion of wealthy dowager Mrs.