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What is New Year's a time for?

For what is New Year's a time?

New Year's is a time for what?

Do all of the above sound good to you and mean about the same? Thanks.
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the New Year or New Year's Day.

The first and last sentence work with either of these. The second sentence is somewhat archaic in form, but could be used.
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Only the first is the natural, open question. The second is hypercorrect and sounds ridiculous. The third would normally be a request for clarification rather than an open question.
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Mister MicawberOnly the first is the natural, open question. The second is hypercorrect and sounds ridiculous. The third would normally be a request for clarification rather than an open question.

Thanks, Feebs and Mister.

Got it.
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