Beginning, July 5, 2015, Magic Kingdom will be changing the Tomorrowland Terrace Dessert Party to the Wishes Fireworks Dessert Party. Here’s the scoop on what is being offered courtesy of Disney Parks Blog:
Delight in a selection of themed desserts prepared daily by our pastry chef including chocolate-dipped strawberries, chocolate mousse, and ice cream. Delectable new additions to the menu include a variety of seasonal fruit and cheese, Disney character-themed cupcakes, and more! As the fireworks begin, celebrate with a sparkling cider toast and create a special memory with family and friends. Throughout the evening, you can now enjoy hot drinking chocolate and signature lemonades as well as coffee and tea.
The Wishes Fireworks Dessert Party is $53.24 for anyone ages 10 and older and $31.94 for ages 3 to 9 (including tax). Reservations are available by clicking here or by calling 407-WDW-DINE. Epcot also has a similar party called the IllumiNations Sparkling Dessert Party. For more information, please check out this link.
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Disney World Enthusiast 
I’m going in June, so I’ll miss this new venue…bummer