The 2012 Geminid Meteor Shower will peak over the next few nights with the potential for over 100 meteors per hour. With fantastic viewing conditions expected late tonight and tomorrow night, this could be a vivid light display. There should still be some high thin clouds across the region tonight, but skies should begin to clear in the predawn hours tomorrow morning. One of the best aspects of this shower is you don't need to worry about light pollution from the moon, which is about 1% right now, or basically a new moon phase.
This shower is caused by a rock streaming through space called 3200 Phaethon. It was discovered in 1983 by NASA's IRAS satellite. When you're going out to look for them, be sure to look east towards the Gemini constellation before midnight.