The Henson Company Masquerade Balls began in 1984 in New York City as a way for Jim Henson to celebrate the creativity of the company on all levels. The balls were held for four years, with the final two held at the Waldorf-Astoria. The events were open to all staff, from accounting to the building staff, with many attendees wearing elaborate costumes.
In the Picture-in-Picture commentary on the Labyrinth Blu-ray, Cheryl Henson cites the company balls as inspiration for the Masquerade Ball sequence in Labyrinth. In the same featurette, Kevin Clash recounts a prank Steve Whitmire and Richard Hunt pulled on Jim Henson, in which Whitmire came dressed as an aspiring writer, concealing his identity the guests of the party.
- In the Muppet Babies storybook Baby Piggy's Night at the Ball, the balls are spoofed, with an illustration by Lauren Attinello of publishing's Joanne Barkan as a beech tree shown with Attinello herself as a lobster.