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Food. 25% of the budget!
I was just at a wedding last night. Food was their focus too. It totally paid off in the end. Everyone was well fed and ready to party. (As a bonus their cake was AMAZING!)
Everything else was a lot of very well executed DIY. But the food...for sure the most important thing.
We spent nearly half our budget on catering. Cocktail hour with 6 passed hors dourves, seated dinner with 4 courses, desserts and wedding cupcakes. Open bar with everything for 5 hours. God, I hope my guests don't leave hungry and love the food!
Half of ours is on Food and the venue. Damn that catering can be expensive!!
(1) Venue (but the venue consisted of a 4 day/3 night stay for 25 guests + ceremony and reception location)
(2) Food and Liquor
(3) Photography
The two largest expenses were the reception location (including food and alcohol) and photography. Each of those were about 40% of the budget.
Catering is going to end up being 35% of our budget. But we rank food really high on our list of importance. Cocktail hour with 6 passed hors dourves, seated dinner, cake and desserts plus a late night snack option, and open bar for 5 hours. We have our tasting next weekend and I'm super excited and looking forward to it.
Food, wine, beer, venue (all one bill for us) = 75%
Venue was most important to me and unfortunately their food was expensive :(
Like everyone else, the biggest portion of our budget(at least half) will be on the food and bar costs for our reception. The second biggest cost will be for photography. When I started planning, I didn't think this would be an area that I would splurge on, but I fell in love with one particular photographer and went for it.
Food and alcohol will probably be at least half the total cost. Photography ended up being much more expensive than I imagined, maybe a quarter our total cost (or slightly less).
Venue-food, open bar BY FAR has been the most expensive aspect.
Caterering - 40%
Band - 15%
Photog - 15%
Bar - 15%
All of these cost significantly more than my dress/decor/flower budget.
I haven't done rentals yet who knows what the damage will be.
food turned out to be about 40% of our budget. but it included service, use of the location, silverware/linens, cake cutting fee, drinks, basically all things related to the meal.
Definitely food/drinks. I think that the second most expensive thing was the flowers. Then the photographer. Then the linens. Then the DJ. Then the cake!
Luckily, FIL's are paying for our reception...otherwise that would be about half our budget! Our biggest expenses have been the honeymoon, photographer, and my wedding ring (in that order).
60% on reception (food, cake, furniture & tent)
Splurged on photography (15%) and dress (12%)
I'm using a cool online wedding planner that gives me a little pie chart about this. About half of our budget is for travel (we are marrying out of state). So most of it is airfare and car rental. Then lodging is another large chunk. The next biggest chunk is attire, mainly me and my dress and undergarments and such. I am so glad my FI is okay with that. 
There are two things (so far) that were a budget surprise - both related to FI.
1. His outfit - I thought he'd rent a tux and thought it would be between $250-500, easy. But, nope - he wants to buy his tux (and shoes, and shirt, and bow tie, and cuff links) - all of that adds up QUICK.
2. Rings - FI's ring, in particular. I assumed we'd both be getting white gold bands - but he really preferred platinum (double the cost!)
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Where did you spend a lot of money? What percentage of your budget did this end up being? Did anything surprise you as being well over what you had budgeted for?