The three things you need to know today in New York: Sat August 5

1. A giant waterslide opens in New York today. Summer Streets also brings live music, cooking workshops and more to Park Avenue.

2. Skrillex is playing the final Saturday show at Webster Hall tonight. The beloved downtown music venue is about to close its doors for renovations.

3. The 40th annual New York Renaissance Faire kicks off today in upstate New York. The immersive medieval event runs every weekend through October 1.

For more events, check in with Time Out throughout the day.