This weekend, eat souvlaki, drink ouzo and soak up the rich history of the Balkan Peninsula when Lonsdale Street becomes a haven for all things Greek.

The city’s historic Greek precinct will be shut off to cars to make way for three stages and 70 food, drink and craft stalls.

Procal Greek Kitchen will present workshops and demonstrations where you'll learn your tzatziki from your taramasalata with some of Melbourne’s best Greek chefs, including Kathy Tsaples of Prahran Market’s Sweet Greek. Also presenting sessions are the teams from Epocha and Elyros.

There’ll be plenty of street food available. Grab a souva from Greek Street Food, homemade limonata from Two Men & A Lemon, calamari from Mr Calamaro or try your luck at eating 30 of Honey Dee's loukoumades in 15 minutes.

Although applications have now closed, don’t miss watching the Zorba 'Til You Drop competition – the last one standing wins a return flight to Athens.

“The competition started about 16 years ago. Essentially it was a gimmick to get the newspapers to come down,” says festival director Jorge Menidis. “It is a test of endurance. The longest recorded time is an hour and 37 minutes.”

Headlining the event on Saturday night at 8pm is Alkinoos Ioannides, a Greek-Cypriot composer with a dreamy, Mediterranean sound. Close your eyes and pretend you’re in Santorini for the evening.

The 29th Lonsdale Street Greek Festival takes place on February 27 and 28. See the full program here.