When my twins were in 3rd grade, they both had perfect attendance. By April, it put a lot of pressure on us. I got the stomach flu the 2nd to last week of school and we were all scared the boys would get it too and ruin their perfect attendance. I said, we aren't doing that again!
So the next year, I purposely took them out of school for a hooky day early in the year. Ha!
It does depend on the child though, and I'd never have them skip something important.
Oh, and I should add...my high schooler has asked me more than once if he could go to a midnight opening of a movie and stay home the next day, because all his friends were doing it. Uh, no. And also no to the staying home to play the hottest video game that just came out - his friends have done that also.