The Ice Follies, formerly known as the Shipstads & Johnson Ice Follies, is a touring ice show featuring elaborate production numbers, similar in concept to Ice Capades. It was founded in 1936 by Eddie and Roy Shipstad, and Oscar Johnson. In later years, Olympic skaters such as Donald Jackson, Barbara Berezowski, Peggy Fleming, and Janet Lynn were in the cast. Ice Follies also featured novelty acts such as Frick and Frack and Richard Dwyer, who was billed as "Mr. Debonair".

The Ice Capades were traveling entertainment shows featuring theatrical ice skating performances. Shows often featured former Olympic and US National Champion figure skaters who had retired from formal competition. Started in 1940, the Ice Capades grew rapidly and prospered for 50 years. A decline in popularity ensued in the 1980s, and the show went out of business around 1995. There have been several attempts to revive the show and its name.