The most musical bang for your buck can be found at the ABC holiday mainstay Dick Clark’s New Year’s Rockin’ Eve (8 PM), co-hosted by Ryan Seacrest, which starts incredibly early yet still goes very late. It will unfortunately not feature any musicians you’ve ever heard of — just Lady Gaga, LMFAO, Justin Bieber, Nicki Minaj, Hot Chelle Rae, Gym Class Heroes, Pitbull, will.i.am, Florence + The Machine — and, rumor has it, an appearance from a still-preggers Beyonce. Fergie will also present a segment looking back at the best performances in the show’s history. Rockin’, indeed.

But if all that’s a little too much for you, perhaps NBC’S New Year’s Eve With Carson Daly (10 PM) is more your scene. Carson’s got a rather rockin’ lineup of his own to share, with performances by Drake, Jessie J, Blake Shelton, Cee Lo Green,and Tony Bennett, along with a look back at the year in music (if you didn’t get quite enough in our coverage of such things).

BET’s 106th & Party (11 PM) naturally features a more hip hop-flavored lineup including Young Jeezy, Yelawolf, Tyga, Waka Flocka Flame, and B.o.B., if that’s your preference.

And if none of that quite does it for you, maybe MTV’s NYE In NYC (11 PM) will capture the frigid excitement of Times Square for you. Co-hosted by Demi Lovato, the broadcast will feature live sets from Selena Gomez, Jason Derulo, and J. Cole.

So let’s hear it — what are you doing New Year’s Eve?

So what killer tunes did Travie and Matt love the most from the past 12 months? Jump below to find out.

Matt kept it in the Fueled By Ramen family when picking his favorite album — The Swellers’ Good For Me. “It feels like a genuine reproduction of a band I would have loved in high school,” he tells us. “Right now, they’re one of the bands that’s interesting me the most.”

As for Travie, he was a huge fan of Submarine, an EP from Arctic Monkeys member Alex Turner —  particularly the track “Stuck On A Puzzle”. “From a lyricist standpoint, he’s just so straightforward with his lyrics,” he says. “There’s no tricks — everything is so relatable.”

Did you also get caught up with The Swellers’ and Alex Turner’s tunes? And did Gym Class Heroes’ latest LP make your year spin? Let us know below, or by hitting us up on Twitter and Facebook!

Gym Class Heroes’ The Papercut Chronicles II is out now on Decaydance/Fueled By Ramen. Purchase it on eMusic.

“‘Ass Back Home’ is all about trying to keep a relationship going while we’re all out on the road all the time,” McCoy told RyanSeacrest.com about the Benny Blanco-produced single from The Papercut Chronicles II. “The song was actually inspired by Matt’s [drummer] relationship with his girlfriend and realizing why he is so Zen on the road.”

Gym Class Heroes feat. Neon Hitch – “Ass Back Home”

2111291356 by YardieGoals

Taylor Swift picked up three of the biggest awards of the night, including Artist of the Year, Favorite Country Music Album for her third full-length release Speak Now and Favorite Country Female Artist for the fourth straight year. Likewise, Adele, who wasn’t present due to her recent throat surgery, nabbed three awards, for Favorite Pop/Rock Female Artist, Favorite Pop/Rock Album and Favorite Adult Contemporary Artist.

Lopez, who nabbed the award for Favorite Latin Music Artist, broke out her Billboard chart-topping RedOne ode-to-love “Papi” in a rhinestone-covered nude body suit before being joined on stage by fellow Favorite Latin Music Artist nominee Pitbull for their banger “On The Floor.” Later, Lopez lent her voice to the hook of will.I.am’s new solo track “THE (The Hardest Ever)” in a futuristic black-light dance number that featured video of Mick Jagger performing a portion of the song.

There was more Mick to be had, at least in spirit, when Maroon 5 — who took home the first award of the night, Favorite Rock/Pop Band, Duo or Group — took the stage alongside Christina Aguilera to perform the undisputed song of summer (and Mom favorite) “Moves Like Jagger.” Maroon 5 frontman Adam Levine then crossed the stage to meet Travie McCoy and Gym Class Heroes, who launched into their Benny Blanco/RoboPop single, “Stereo Hearts.”

But GCH wasn’t the only artist to make use of a stereo last night. To open the show, Nicki Minaj showed off her most famous, uh, assets in a pair of silver boombox pants. The Young Money femcee plugged herself into David Guetta’s turntable stage for a tech-savvy performance of “Turn Me On” and “Super Bass” as Swift and Selena Gomez rapped along from their seats. Soon after, Nicki won Favorite Rap/Hip-Hop Artist (thanking superfan Swift in her acceptance speech) and Favorite Rap/Hip-Hop Album for her debut Pink Friday.

Justin Bieber took the stage early and alone in a white leather motorcycle outfit  for his ska-inflected holiday hit “Mistletoe” but failed to score any big trophies over the course of the evening, despite a virtual legion of Beliebers.

Following an all-pink acoustic version of her tearjerker “The One That Got Away,” Katy Perry, otherwise winless for the night, was presented a special American Music Achievement Award for racking up five No. 1 hits on a single album. Michael Jackson and Prince have also received the award, but Perry is the first female artist to earn the accolade.

Rihanna and Beyonce, though not in attendance, both picked up awards: Rihanna took home Favorite Soul/R&B Album for Loud — a vote of confidence on the eve of Talk That Talk’s debut — and Beyoncé was named Favorite Soul/R&B Female artist.

Notable presenters included a very healthy-looking Sean Kingston, recently recovered from a jet-ski accident, and Adam Lambert who hadn’t made an AMAs appearance since his controversial 2009 AMAs performance.

American Music Awards 2011 List Of Winners

ARTIST OF THE YEAR: Taylor Swift
POP ROCK BAND, DUO OR GROUP: Maroon 5
POP/ROCK MALE ARTIST:  Bruno Mars
POP/ROCK FEMALE ARTIST: Adele
POP/ROCK ALBUM: Adele, 21
SPRINT NEW ARTIST OF THE YEAR: Hot Chelle Rae
SPECIAL ACHIEVEMENT: Katy Perry, for five #1s from one album
RAP/HIP HOP ARTIST: Nicki Minaj
RAP/HIP HOP ALBUM: Nicki Minaj, Pink Friday
SOUL/R&B MALE ARTIST: Usher
SOUL/R&B FEMALE ARTIST: Beyonce
SOUL/R&B ALBUM: Rihanna, Loud
COUNTRY BAND, DUO OR GROUP: Lady Antebellum
COUNTRY MALE ARTIST: Blake Shelton
COUNTRY FEMALE ARTIST: Taylor Swift
COUNTRY ALBUM: Taylor Swift, Speak Now
LATIN MUSIC ARTIST: Jennifer Lopez
ALTERNATIVE ARTIST: Foo Fighters
ADULT CONTEMPORARY ARTIST: Adele
CONTEMPORARY INSPIRATIONAL ARTIST: Casting Crowns

Of course, not all the big artists were on stage. Taking in the performances was an audience that included the ravishing Katy Perry and the sleek Selena Gomez. (What do you think her favorite performance was?)

David Guetta & Nicki Minaj — ”Turn Me On” / “Super Bass”

Justin Bieber — ”Mistletoe”

The Band Perry — ”If I Die Young”

Chris Brown — ”All Back” / “Say It With Me”

Kelly Clarkson — ”Mr. Know It All”

Enrique Iglesias & Ludacris — ”I Like How If Feels” / “Tonight (I’m Lovin’ You”)

Jennifer Lopez — ”Papi” / “On The Floor”

OneRepublic — ”Good Life”

Pitbull & Marc Anthony — ”Give Me Everything” / “Rain Over Me”

Katy Perry — ”The One That Got Away”

Mary J. Blige — ”Mr. Wrong”

Drake — ”Headlines”

Maroon 5 & Christina Aguilera — ”Moves Like Jagger”

Gym Class Heroes & Adam Levine — “Stereo Hearts”

Will.i.am & Jennifer Lopez — ”T.H.E.”

Daughtry — ”Crawling Back To You”

LMFAO — ”Party Rock Anthem” / “Sexy And I Know It”

Who stole the show? Let us know your favorite (or least favorite) performance on Facebook, Twitter or in the comments.

Though Gym Class Heroes have canceled the remaining dates on their Fall tour due to frontman Travie McCoy’s “illness” (why so vague, guys?), McCoy was still able to perform the group’s single “Stereo Hearts” on Saturday Night Live with Maroon 5. Looks like Travie’s claim that he’s one tough cookie in new song “The Fighter” is pretty accurate. The uplifting tune, off The Papercut Chronicles II, features OneRepublic’s Ryan Tedder on the hook as well as the production. Listen below.

Gym Class Heroes feat. Ryan Tedder – “The Fighter”

The Papercut Chronicles II drops November 15.

Gym Class Heroes feat. Neon Hitch – “Ass Back Home” (Lyric Video)

This afternoon, the band released a statement on their website, announcing that they need to cancel the remainder of their tour dates:

“Due to Travie’s illness, we regrettably have to cancel our remaining tour dates with The Dirty Heads.  Our day-to-day schedule on tour has been grueling, and he really hasn’t had a chance to properly recover.  He should be out of the hospital any day now, and we hope by staying in one place and resting, he’ll be back in action soon.”

We had no idea Travie was in the hospital or what he was admitted for, but we hope he gets back on his feet soon.

Gym Class Heroes’ new album The Papercut Chronicles II drops November 15.