As part of the Bicycle Film Festival, the 5th Annual Bicycle Film Festival Parade was held last Saturday. Starting out at Madison Sq. Park, some 50 cyclists took a varying route, until, an hour later, they ended up at Second St. between First and Second Aves., where the street was closed for three hours for a BMX stunt show and track bike competition. At left, an old high-wheeler; at right, Ellen modeled the latest in bike fashion, the orange police netting used to coral Critical Mass riders.