Hosted by the North Webster Lions Club, the club's largest fund raiser of the year takes place in June. The festival operates the last full week of the month. The primary attractions of the festival are the Cutie King & Queen Pageant, the Cutie parade, and the Mermaid Parade itself. Aside from the carnival coming to town, a Festival parade takes place Saturday at 4 p.m. to celebrate the end of the festival. At night fireworks are set off to officially announce the end of the festival. In 2007, a laser light show was substituted for the fireworks and in 2008 there was a video slide show. 2015 marks the 70th annual Mermaid Festival.(1945-2015)theme 'Back to the 70s'
There are a few antique shops and bait shops. CVS, Family Dollar, Dollar General and Ace Hardware have stores here. There is a castle in the middle of town, previously home to International Palace of Sports, and currently home to Pilcher's shoe store, one of the largest in Indiana.
North Webster is home to The Dixie, Indiana's oldest stern wheel paddle boat. The Dixie has cruised Webster Lake since 1929, providing tours of the lake to generations of residents and visitors. A number of private owners cared for and operated the boat from 1929 until 2007 when title was transferred to a 501(c)(3) not-for-profit corporation called Dixie Stern wheeler Inc. (DSI). DSI continues to operate the boat for regular summer cruises from Memorial Day weekend through Labor Day and to allow chartered events such as weddings, retirement home outings, and company and community gatherings. Regular cruises last about 75 minutes and are each evening Monday through Saturday and during the afternoon and evening on Sunday. Many of the regular cruises feature period music and a narration with some history of the area, the lake and the Dixie.