Many of the reviews I read prior to my Vegas trip suggested that the Lake of Dreams is the Wynn's answer to the Bellagio Fountains. As a total fan of the fountains, I was interested to see if they'd match up. Spoiler alert - they don't.
For about as second at the beginning of the show, I was excited. I thought, "wow - this is going to be COOL!" Nope. Had we been staying at the Wynn or decided to have a drink or dinner around the pool, perhaps my experience would have been better. We decide to watch near the top of the escalators and had as good of a view as one could have from indoors.
The show sucked. This huge random animatronic frog sings a song and some lights and mist show on the "lake" for just a few minutes - honestly the shortest show in Vegas.
Save your feet. Save your time. Skip this one.