Earth passes through a cloud of dust from the tail of Halley's Comet every year; this year the resulting meteor shower is predicted to peak in the early hours of the dawn on the morning of May 7. You may also be able to see meteors from this stream in the days before and after the peak. Best viewing should be after midnight

HOWEVER: The nearly Moon will be very bright this year., and so it will make for a poor showing of meteors, its light drowning out all but possibly the brightest meteors. 

Get to a dark spot, get comfortable, bring extra blankets to stay warm, and let your eyes adjust to the dark sky. A cozy lounge chair makes for a great seat, as does simply lying on your back on a blanket, eyes scanning the whole sky.

Find out more observing tips for this year courtesy EarthSky . The Night Sky Network has a handout that you may find useful for your meteor watching party: Heads Up: It's a Meteor Shower Handout!