The Pier One Theatre (tel. 907/235-7333; www.pieronetheatre.org) is a strong community theater group housed in a small, square, red building on the spit, between the fishing hole and the Small Boat Harbor. Instead of the ubiquitous gold-rush melodrama and Robert Service readings, Pier One often presents serious drama, musicals, and comedy -- not just schlock. They also produce dance, classical music, and youth theater events during the summer. There's generally something playing Thursday through Sunday nights in the summer. Check the Homer News or the website for current listings. They strongly recommend making reservations by phone; they can be changed or canceled, if necessary. Tickets may also be available at the door.
The landmark Salty Dawg Saloon is a small log cabin on the spit with a lighthouse on top. It's the place to swap fish stories after a day on the water. Wherever you go to hoist a beer, order a draft from the Homer Brewing Company (Red Knot Ale is my favorite).