Very fascinating (and free!) show that Rio puts on every Thursday-Saturday from 6-11pm at the top of each hour. Supposedly, there are three different kinds/themes of performances all the dancers do. For those interested in riding the three floats with the dancers, they can do so for an extra $12.95. You can also watch the entire show from either the first floor balcony (be prepared to run into a lot of wandering gamblers!) or see it from the second level (which provides a good vantage point!). When the floats in the "sky" come around (hence the name of this show!), you can expect the dancers to toss out free beads of several different colors to random parts of the crowd that cheer!
Immediately following each show, there were a couple bartenders next door at the Village Bar on the first level performing really incredible tricks and I was amazed how they were able to handle the bottles and drinks without making any mistakes.
The whole show lasts about 30-35 minutes and make sure you get there early to get a good spot to watch!