The toast to Ray
The toast is now around 9PM every Wednesday (and bell is mobile now), but this 2003 article from the LA Times captures the spirit pretty well.
“Every Wednesday night at the Tiki Ti in Silver Lake, owner Mike Buhen rings a bell above the bar’s fluorescent lava-rock waterfall and leads a toast to his father, Ray. “To my dad, the master ninja,” he says, or whatever else comes to mind around the 8 o’clock hour. Then he clinks glasses with any patron in reaching distance. His son and co-bartender, Mike Jr., does the same.”