National Family Island Regatta when traditional wooden sailing sloops from all over the Bahamian archipelago arrive in Georgetown Harbor for five days of racing competition. This is one of the biggest events of the year in the "Out Islands" (the ones where the cruise ships don't go) and Bahamians pour into Exuma from all the other islands.
All these people will race the boat -- when the wind picks up they shimmy out onto two wooden rails to keep the boat from blowing over. You can see this in the previous pic although the wind was not particularly high so they weren't all the way out.
Tomorrow, the parade!