The Festival of Fantasy parade is not being presented right now, but will return in 2022 per the announcement at the 2021 Destination D23 event.
The "Disney Festival of Fantasy Parade" celebrates New Fantasyland with new innovative floats, costumes and an all-new soundtrack that features songs from popular Disney films. A new theme song has also been developed for the parade. In this parade, we see nods to The Little Mermaid, Sleeping Beauty, Dumbo, Pinocchio, Peter Pan, Tangled, and Brave, as well as many others.
The floats are designed to look as if they were created by the characters they represent and truly bring each story to life as it moves down Main Street, U.S.A.
Article: Taking Your Best Pictures of the Festival of Fantasy Parade in Magic Kingdom
This parade replaced the Celebrate a Dream Come True Parade, which ended 1/4/14.
Peter Pan and Wendy ride on a flying pirate ship, led by a replica of Skull Rock. Captain Hook, Mr Smee, Tinker Bell, and the Lost Boys are tagging along also.
Rapunzel and Flynn Rider's longship sail down the street, topped by magical floating lanterns.
The Disney Princesses ride on a Royal Court Garden Float.
One of the most impressive floats is the 35-feet-long, 26-feet-high Steampunk-inspired Maleficent Dragon from Sleeping Beauty. Thorn stilt-walkers walk alongside as Prince Phillip tries to fight them away.
Mickey and Minnie ride in a hot air balloon float surrounded by the dancing hippos from Fantasia.
Guests who want to take advantage of VIP viewing for the afternoon parade at Magic Kingdom can book the Festival of Fantasy Parade Dining Package. The experience begins at Tony’s Town Square Restaurant on Main Street, U.S.A. where you can enjoy Italian fare for lunch.
