Woolly Worm Fest - Woolly Worm Festival from 10AM to 5PM Saturday and Sunday at the Banner Elk Elementary School Voted one of the Top Ten Fall Festivals by the Society of American Travel Writers. Enjoy crafts, great food, fantastic mountain music and, of course, the world famous caterpillar races. Winning pillar determines prediction for the winter weather forecast! $5 for adults and $2 for kids 6-12. Children 5 and under are fee. No pets. Call 828-898-5605 for more details.