In my family, Independence Day is celebrated with a bonfire, strawberry shortcake, and of course fireworks :)
Every year, I go up to my family's lake house. It is right near the water, on which we ski, and tube, and swim. We also watch the fireworks (put on every year by the town of Rangeley)
I look forward to the fireworks all year. They are done in town, so we drive the boat across the lake to where we are situated right under them. For some reason (although they're loud) there is something relaxing about watching the fireworks from the boat, atop the calm lake.