If you are planning on having a Kentury Derby Party, first decide if you are going to have an elegant southern affair or a more casual backyard bash. For the elegant affair use your finest silver, crystal, linens and china. Decorate with large bouquets of red roses. Have your florist design a horseshoe shaped wreath of roses as a centerpiece for your table. Serve a beautiful luncheon buffet with tea sandwiches, dips, cold seafood and assorted salads. Have your guests come dressed in their most dramatic or creative hats and give prizes for the best in each category. Have large TV's available and give all your guests Racing Forms so that they can pick their favorites and bet if they want to in a betting pool. For the more casual bash, plan a southern barbeque with ribs, biscuits, corn on the cob and salad. Decorate with red and white checkered tablecloths and spring flowers or roses. If you have horse figurines, you could put these on the tables. For either party, Mint Juleps are the drink of the day. For dessert serve Kentucky Derby Pie or Chocolate Bourbon Balls.