The event known for its elaborate parades and floats in New Orleans is Mardi Gras. This vibrant celebration typically takes place in the lead-up to Lent and involves festive processions, music, and various cultural events. The parades feature intricately designed floats, with participants often wearing colorful costumes and masks. Mardi Gras is deeply rooted in the city's history and attracts thousands of visitors from around the world, turning New Orleans into a hub of revelry and joy. It's a unique blend of tradition, celebration, and community spirit.