Perchlorate is an inorganic anion that is used in solid rocket propellants, fireworks, munitions, signal flares, etc. The use of fireworks is identified as one of the main contributors in the increasing environmental perchlorate contamination. Although fireworks are displayed for entertainment, its environmental costs are dire. Perchlorates are also emerging as potent thyroid disruptors, and they have an impact on the ecology too. Many studies have shown that perchlorate contaminates the groundwater and the surface water, especially in the vicinity of fireworks manufacturing sites and fireworks display sites. The health and ecological impacts of perchlorate released in fireworks are yet to be fully assessed. This paper reviews fireworks as a source of perchlorate contamination and its expected adverse impacts.