The Smithfield Peanut Festival is an annual event held in Smithfield, Virginia, celebrating the local peanut industry. This festival typically features a variety of activities, including live music, arts and crafts vendors, and delicious food options, with peanuts being the star ingredient. In addition to entertainment, the festival often includes a parade and contests, such as the popular peanut butter pie-eating competition. The event aims to promote community spirit and highlight the importance of peanuts to the local economy, making it a fun and educational experience for attendees of all ages.