Celebrations in The Legend of Zelda series denote the happening of a marvelous event, such as the restoration of peace, or of an event yet to come, such as the Carnival of Time in Majora's Mask. Such celebrations are often marked by multi-racial participation, high attendance, and a showcase of wares, whether it be pyrotechnics, confetti, goods/services, dancing, or any other form of entertainment or expression.
During the finale of Ocarina of Time, the collective races of Hyrule gather and surround a large bonfire at Lon Lon Ranch, carrying on and reveling in the defeat of Ganon and the return of peace to their land. The Sages also join in on the celebration, but eventually retard, zooming out into the sky in Sage-specific colored balls of light. Oddly, while the Kokiri are said to die if they leave the forest, they are joyous and very much alive during this time.
- Main article: Carnival of Time
The Carnival of Time is held every year in Clock Town to celebrate the four gods of Termina. Clock Tower transforms its clock face the very start of the carnival day (midnight) into a gathering platform, while the Oath to Order is played. In the days before the carnival, many performers and dancers gather in Clock Town, and merchants come from far and wide to sell their goods. The carnival has been rumored to magically bless marriages that take place on the carnival day.
Even with the ominous Moon descending directly upon the Clock Tower, the people of Clock Town continue to work on the carnival, despite their fear and knowledge of its inevitable trajectory. Because of the moon's descent and in fear of its approach, the population that normally gathers on the clock face is absent; only Skull Kid, the bringer of the Moon, stands on the clock face.
- Main article: Picori Festival
A Picori Festival is held every year to celebrate the coming of the Picori. Held in Hyrule Castle Town, it includes an impressive sword-fighting tournament, in which the winner gets to touch the sacred Picori Blade.
Link attends the festival with Princess Zelda. At the center of the Picori Festival lie four stands: Brocco's vegetable stand, Beedle's fruit stand, Pina's mini game stand, and a final stand where a Hyrule resident, Marshall, tells of the Picori legend. To the north of the Picori Festival stand two people from the Wind Tribe, and a vassal guard stands by Funday School as a dispatched festival security officer.
The Hyrule Festival also takes place in Hyrule Castle Town. Link is sent to present Princess Zelda with the Ordon Sword and Ordon Shield, as gifts from Ordon Village's best craftsmen. Hyrule is consumed by Twilight before Link is able to leave even Faron Woods, and Link's Hyrule Festival mission turns into a darker search to find Princess Zelda; the general populace has been turned into spirit beings, as Link finds out later in the story, rendering the Hyrule Festival a footnote as compared to the more pressing matters at hand.
- Main article: Wing Ceremony
The Wing Ceremony is an annual tradition held in Skyloft to test the skills of students attending the Knight Academy. If a student is successful in the challenges thrown at them, the student will play the role of the Goddess' Hero. The ceremony takes place on the hands of the Statue of the Goddess. During the ceremony, Zelda plays the role of the Goddess Hylia and Link, the winner, plays the role of the Goddess's Hero. Zelda gives Link the Sailcloth as a prize which symbolizes the sailcloth that the Goddess gave to her Hero. At the conclusion of the ceremony, the Hero is supposed to dive off the statue and land inside a circle on the ground.
- "Each year, the season of harmony begins when the sun and moon are in alignment. Paying homage to the way that both nature and time are tirelessly in the process of progressing, the Carnival of Time is when the peoples of the four worlds celebrate that harmony and request fruitfulness for the year." — Anju's Grandmother (Majora's Mask)
- "The centerpiece of the carnival is the clock tower, and on the eve of all the festivities, the doors to its roof are opened… From atop the clock tower roof, a ceremony to call the gods is held and an ancient song is sung." — Anju's Grandmother (Majora's Mask)
- "It is said that if a couple united on the day of the festival and dedicated a mask as a sign of their union, it would bring luck." — Anju's Grandmother (Majora's Mask)
- "You cowards! Do you actually believe the moon will fall? The confused townsfolk simply caused a panic by believing this ridiculous, groundless theory. You want answers? The answer is that the carnival should not be canceled!" — Mutoh (Majora's Mask)
- "Are you serious Mutoh?!? It seems that giant chunk of rock above us hasn’t caught your eye!" — Captain Viscen (Majora's Mask)
- "At this time every year, we are overrun by tourists! So why is the town empty?" — Captain Viscen (Majora's Mask)
- "So as not to forget our gratitude, we hold this festival each year." — Storyteller (The Minish Cap)
- "Do you know about that sword, Link? It is called the Picori Blade, and it locks much evil away in that chest. The Picori Blade is cared among the people of Hyrule. The legend has it that, long ago, the Picori gave us that blade. Whoever wins the competition earns the honor of touching the sacred blade." — Potho (The Minish Cap)
- "Where's Link? The whole town is bustling for the annual Picori Festival! I thought he and I might go together." — Princess Zelda (The Minish Cap)
- "The royal gift Rusl told you about is ready, so you should get ready for your trip to Hyrule Castle. Now, the royal family requested this gift specifically, so it’s real special. It’d be… bad… if the representative of Ordon were to be late for such an occasion, you get me, lad?" — Bo (Twilight Princess)
- "Today’s Wing Ceremony tests the skill of the rider as well as his bond to his bird. Victory will not come easy." — Gaepora (Skyward Sword)
- "But look at this instrument! And look at this outfit! They’re mine to use today in the ceremony, since I’ll be playing the role of the goddess." — Zelda (Skyward Sword)
- "You know, they say that the goddess gave the Sailcloth to her chosen hero long ago." — Zelda (Skyward Sword)