1,000,000 strippers.. they each get a dollar.
Seriously, though.... I'm going to take this as you have 1 mil after taxes.
1) Pay off debt.
2) Buy a new house. Nothing extravagant.. maybe something around $75K-$100K house paid in full. I can get a nice house here in midwest with that much.
3) Buy a new car for myself, new car for the wife, and a harley.. around $10K-$15K a piece
4) Invest and start a business.. probably along the lines of a concert venue. I have also wanted to get into real estate, buy forclosed houses, fix them up, and resell them. But with the economy the way it is now, not sure if I would do that at this point in time.
5) Make sure my brother finishes college. He's gone through 1 year of college so far, then couldn't go anymore.. he had a scholarship and grant.. but he failed a couple of classes, so he lost it. I'd pay for him to finish his classes.
That's pretty much it.. the rest, I would save, make sure that my wife and I are taken care of, I probably would give some to my parents as well.