Phillip Island does have a vineyard or two, and I would recommend going wine-tasting. Like all Australian wines, they have a more pronounced flavour, yet a nice richness to them. Make sure you don't miss the Little Blue Penguins at the Penguin Parade. The Nobbies are a bit smelly, but it's incredible to see all of the sea-lions - it's the largest colony in Australia! If you're lucky, you may get to see a Little Penguin up close and personal near the boardwalks.