It's arguably the biggest song of 2012, but the reign of "Gangnam Style" is coming to a close. Psy told MTV that he will be "ending" his smash hit tonight during Dick Clark's New Year's Rockin' Eve, capping a whirlwind year for the K-pop star, whose worldwide breakthrough came in the form of the signature pony dance in the "Gangnam Style" video. "Being in Times Square on New Year's Eve is already special – it's the biggest stage in the universe – plus it's my birthday, so, with all that, it may be the ending of 'Gangnam Style,'" said Psy. "I mean, what better way to do it? It's my biggest and most meaningful birthday."

Breaking Down Psy's 'Gangnam Style'

While Psy doesn't plan on completely doing away with his most popular song, he's anxious to follow up the hit with another. "The song became too popular, and so you start to have some concern about its life period," he said. "I'm really working hard on a new single right now, and I'm not saying ['Gangnam'] is ending on Dick Clark — I still have a lot of invitations to perform it . . . I'll be in Paris, and in February I got invited to perform in China, and I've still got to do promo. So let me say that in America I need a new single because 'Gangnam Style' got too popular, so I've got to write a new single."

Dick Clark's New Year's Rockin' Eve airs tonight on ABC. "Gangnam Style" has become the most watched video on the Internet, racking up more than a billion views on YouTube alone.

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