Every year at this time, the Earth passes through the orbit of a comet called Swift-Tuttle, and the result is a pleasant sky show called the Perseid Meteor Shower. Even though the comet is far away now -- out beyond the orbit of Uranus -- debris from it has spread out in a ring all along its elliptical path. On Earth, if you stay up late tonight, or get up before dawn, you will see the result as shooting stars, perhaps one to two a minute, seeming to come from the constellation Perseus in the northern sky.
More HERE from Science @ NASA. They recommend you look after 2 a.m., when the waxing moon sets. In general, there are more shooting stars in the morning -- since that's the side of the Earth that faces forward as we orbit the Sun, and so it's less shielded.Meteor showers are best if you regard them as something to be savored rather than awed by. Yes, you'll see one or two shooting stars a minute (forgive an earlier typo, when I said "per hour") -- but only if you're far from cities, have clear skies, and happen to be looking in the right direction.
On the other hand, perhaps you'll get lucky and see several. And you'll have the satisfaction of knowing that Chicken Little was half right. The sky will indeed be falling...harmlessly.