It will close on January 8, 2018 to be re-themed as a Toy Story-Theme ride, as part of the new Pixar Pier.
Unlike the horse arrangement of the King Arthur Carrousel in Disneyland, it features sea horses, flying fish, whales, dolphins, sea lions, otters, and garibaldis. Purists will point out that it is misnamed, as any carousel that features animals other than horses is called a merry-go-round.
Because of the park's renovation, it was closed until May 2009 for new canopies. There were plans for a new color scheme that would've fit with the Victorian Boardwalk style retheming of the area, but they were canceled to save money for other updates.