We consider the spherical model on a spider-web graph. This graph is effectively infinite-dimensional, similar to the Bethe lattice, but has loops. We show that these lead to non-trivial corrections to the simple mean-field behavior. We first determine all normal modes of the coupled springs problem on this graph, using its large symmetry group. In the thermodynamic limit, the spectrum is a set of $delta$-functions, and all the modes are localized. The fractional number of modes with frequency less than $omega$ varies as $exp (-C/omega)$ for $omega$ tending to zero, where $C$ is a constant. For an unbiased random walk on the vertices of this graph, this implies that the probability of return to the origin at time $t$ varies as $exp(- C t^{1/3})$, for large $t$, where $C$ is a constant. For the spherical model, we show that while the critical exponents take the values expected from the mean-field theory, the free-energy per site at temperature $T$, near and above the critical temperature $T_c$, also has an essential singularity of the type $exp[ -K {(T - T_c)}^{-1/2}]$.
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