Fiesta of Five Flags

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Krewes participate in a Fiesta parade.

Fiesta of Five Flags (often abbreviated simply Fiesta) is an annual celebration, similar to Mardi Gras, that commemorates Pensacola's foundation as the first European settlement in America and rich history under five governments (represented by the eponymous flags).

Highlights include the Krewe of Lafitte Parade and coronation of DeLuna, the Fiesta Days celebration, the DeLuna Treasure Hunt and Fiesta Children's Treasure Hunt.

The 2007 Fiesta of Five Flags will be held May 31 - June 10.