More New Orleans Parades ... Follow link for parade details. Krewe of Pegasus Parade Parade City: New Orleans (Orleans Parish) Map It Parade Date: January 26, 2008 Description: 6:45 pm Since 1957 the Krewe of Pegasus has set itself apart from other riding Mardi Gras krewes. Pegasus was founded by WWII veterans who wanted to give something back to the city while creating an organization around family. Thrilling the crowds who pack the streets Pegasus lives by its motto: Neither Rain, Cold, Strike, Terrorists, nor Hurricanes Might... will keep Pegasus from putting on the best show on earth. Come be a part of a family tradition and join us!!!