A balloon weight includes a display clip having first and second clip members biased to be in close proximity to each other at a clip end and separate from each other each other at a squeeze end. The display clip has a base mass. A first weight piece is adapted to be selectively affixed to one of the first and second clip members. This first weight piece has a first supplemental mass. A ribbon has a first end secured to either the first weight piece or display clip and a second end affixed to a lighter-than-air balloon. A second weight piece may also be selectively affixed to the other of the first and second clip members. This permits the creation of composite balloon weights with different masses.