Miss Southshore?

The place is a dump overrun with Murlocs

Then again, I guess there's nowhere in WoW that's just nice and picturesque and lends itself to swimsuit contests.
Does make me think though... a
Miss Azeroth contest. Entrants of all races, usual categories of special talents, personal oration, evening dress, swimsuit, etc. Crown a Miss Stormwind, Miss Ironforge, Miss Gnomeregan, Miss Teldrassil, Miss Exodar, and then finally select a Miss Azeroth. Plenty of chances for behind-the-scenes roleplay shenanigans, vote rigging, kidnap, etc. (not to mention the Horde perhaps not liking the Alliance claiming Miss Azeroth as their own and attempting to muscle in on it all, or/and a demand for a Miss Acherus, and a dozen other things that could happen) and a big four-page Herald pictorial

That could be a really fun, lighthearted realm event... no serious drama, just a little fun in every respect... where outright conflict and violence takes a backseat to at the very worst Dick Dastardly-style cheating. The server needs one, face it... something that isn't all death and destruction.