The 'Sábado de Zé Pereira' in Olinda is renowned for its vibrant festivities, where the iconic figure Homem da Meia-Noite takes to the streets, drawing in large crowds. Celebrated with numerous street blocks, the event showcases performances from local groups such as 'Eu Acho é Pouco,' 'Ceroula,' and 'Trinca de Ás,' all of which contribute to the rich cultural heritage of the historic area.

In addition to the street festivities, the Praça do Carmo serves as the official hub for musical performances, featuring artists like Mãeana, Joyce Alane, and Martins. This mix of street carnival and musical performances reflects the blending of tradition and contemporary culture that characterizes Olinda's Carnival celebrations. Cultural events like these reinforce local identities and foster community spirit.

The program spans across various locations, including Guadalupe and Peixinhos, indicating the scale and community involvement in the celebrations. The extensive schedule of activities highlights Olinda's commitment to preserving its carnival traditions while ensuring inclusivity and participation from residents and visitors alike, making it a prime example of Brazilian cultural festivities.