Geminid Meteor Shower

Earth is passing through a stream of debris from extinct comet 3200 Phaethon, source of the annual Geminid meteor shower. Forecasters expect more than 100 meteors per hour to fly out of the constellation Gemini when the shower peaks on Dec. 13th and 14th. For most observers, the best time to look will be from 10 pm local time on Sunday night to dawn on Monday morning.

It's the best display this year and the last one before 2010. Furthermore, you won't need to stay up late to watch the shower.
The Geminid shower can be seen near constellation Gemini(Northeast)
UPDATE: More than 70 meteors/hour on Sunday-Monday morning. Peaks yesterday-today and ends on the 15th
Source: spaceweather.com