Folksongs and traditional festivals are central to almost every activity of the Yoruba people. The contemporary world is full of pains, worries, sufferings and despair and various anti-social activities, in spite of pompous claims and glaring efforts of science and technology in solving old problems to create many new ones. Hence, every individual needs to relax, amuse, and get his or her mind off the dull struggles, worries and sorrows of life through folksongs and festivals. The Yoruba folksongs and festivals as soul-searchers and soul-menders therefore, serve the aesthetic, therapeutic and communicative purposes as tension relievers as well as elixir through which individuals are firmly reassured that there is still hope for humanity. Folksongs and traditional festivals, as manifestations of oral literary genre, possess the remarkable ability to simultaneously entertain, educate, heal and provide solace in individuals. Through them, virtues of the community are upheld and cultural values are projected. It thus concluded that Yoruba folksongs and festivals are a vital communicative instrument for pleasure and a therapy to heal and soothe individuals. Therefore, it is recommended that the Yoruba people continue to utilize folksongs as a means of entertaining, educating, consoling, and comforting themselves as the need arises. Additionally, the study underscores the importance of preserving and perpetuating traditional festival celebrations in Yoruba society, as they serve as a unifying force among the people and a potent platform for showcasing the rich culture and traditions of the Yoruba people to the wider world. Other African societies should also intensify efforts in employing folksongs and festival performances to project their respective cultural identity to the wider world.