The popular event that takes place in New Orleans as part of the Mardi Gras celebrations is the grand parade. This vibrant and lively parade features elaborate floats, costumed performers, and musical groups that create a festive atmosphere. Participants throw beads and trinkets to the crowd, embodying the spirit of camaraderie and celebration. Mardi Gras also includes masquerade balls, street performers, and various cultural events, making it a highlight of the city's cultural calendar.