On the first Thursday after Thanksgiving, Osceola holds its annual Winter Festival.  This event features live music, a kiddie carnival, celebrity guests, and several food mercants and is held in downtown Osceola.  The highlight of the Winter Festival is the Parade which is the finest in Northeast Arkansas.  The parade follows the lighting of the Christmas tree on the grounds of the historic County Courthouse.  Buildings in the central business district are also decorated with lights during the holiday season.  Also enjoy hot apple cider while admiring Winter Wonderland, beautiful displays by community residents and businesses.