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Guavaween is another excuse to go out and party in Ybor City and usually takes place the Saturday closest to Halloween. Costumes are encouraged and can get quite outrageous. This is an adult party on the same lines as Mardi Gras. Don't take anyone under 16 and don't let them wander around alone. There is a big parade with floats and beads and general mayhem.
The main drag of Ybor gets fenced in and a cover for entering Ybor is charged. This doesn't give you free access to all the clubs and bars, most will have their own cover charges as well. The cost is to pay for the cost of security, the fencing, and clean up after the party. There are no cars allowed.
This is one of the few times a year that you are allowed to walk around Ybor with an alcoholic drink in your hand and many bars will set up a beer stand outside to sell you draught and canned beer (no glass allowed.)
The above is no longer the case at least for 2012. In 2010 motorized floats were banned. In 2012 the parade has been totally eliminated. Ybor in 2012 will not be fenced in and no cover charge will exist. There will be no 'wet zones' and the city's ban on alcoholic drinks will be enforced. Gone too are the outdoor stages. Guavaween is being marketed as an indoor music festival held across several venues in Ybor. A $30 fee will allow entrance into all the music venues. In past years Guavaween would attract upwards of 50,000 people in recent years it has dropped to 20,000. According to the local news outlet the organizers expect only about 5,000 attendees in 2012.