The village is the site of the annual Fancy Farm Picnic, famous as a traditional political gathering attracting statewide and occasionally national candidates. The picnic began in 1880 as a purely local affair. It takes place mostly on the grounds of Fancy Farm Elementary School. Since 1956 it has been held on the first Saturday in August. It has come to represent the traditional starting point of the fall campaign season in Kentucky.
So many Kentucky politicians attend that it tends to only be news when a major politician decides not to make an appearance, such as senator Jim Bunning in 2007. National figures that have made speeches include George C. Wallace and Al Gore.Vice President (the Veep) Alben Barkley, known for his oratorical skills, spoke many times over the years before his death in 1956. He was born nearby in a little community called Wheel.
In addition to the political appearances, the picnic offers traditional fair activities like bingo games and raffle prizes. Food includes barbecue, a Knights of Columbus fish fry and homemade baked goods.
The picnic is profitable and proceeds are used to finance local improvements. No outside vendors participate, and about 12,000 to 15,000 people attend each year.