I get a lot of questions about what recipes I plan on making for CNY or what menu items should be served. I think it really depends on your family and what your traditions are. Most people will celebrate Chinese New Year with a family dinner on the eve before CNY day, (so this year it will be February 18th).
Growing up, my Grandma would always make us Taiwanese Style Hot Pot which was fun and delicious for everyone. Hot Pot for us was a meal that was traditionally served for Asian holidays and special occasions. She would also cook Turnip Cakes (those yummy squares often served in Dim Sum restaurants) and Chinese New Year Cakes (sticky rice cakes). If you haven't had the Chinese New Year Cakes before, they taste like a warm gooey mochi. (Yum!)
Obviously, cooking an elaborate Chinese New Year meal is not always possible. Some of you may decide to celebrate by going out to a Chinese restaurant or maybe even a friend's house. If you want to prepare something special that's not too difficult, I would highly recommend Hot Pot.
Another thing you can do over the weekend (in advance), is make Chinese New Year Cakes. They also make really cute DIY edible CNY gifts if you wrap them up in some wax or parchment paper and finish them off with a red ribbon or wrapping.
Finally, I would say don't stress about it. CNY should be about getting together with friends and family and celebrating good food and company.