Williamsburg was the capital of Virginia from 1699 to 1780, after Jamestown and before Richmond. Williamsburg hasn't been politically important for a long time, but now that Colonial Williamsburg is there to represent it in its era of glory, it's a jewel of the commonwealth. Outside the restored area is a modern city with plenty of dining and lodging options and attractions, including outlet shops and a large water park. But the main draw is still time-traveling into a time of tricornered hats.
Colonial Williamsburg sells a number of all-inclusive tickets that cost more than a $34 one-day pass. The Freedom Pass ($59) allows you to visit for one full year. The Independence Pass ($72), also valid for a year, includes all the benefits of the Freedom Pass as well as admission to all special events and special discounts.