Most of the Western Hemisphere will be treated to a total lunar eclipse on February 20. For information about just when the eclipse occurs in your area, check the article on the eclipse.
Lunar eclipses take a long time to proceed from the beginning stages all the way through to the end. This gives people more of a chance to see it if they are waiting for a break in the clouds.
Another good thing about the length of the eclipse means that you can see different stages of it without having to stand outside for seven minutes straight. With the cold month of February in some of the northern locations, you can just pop out ever so often to see how it's coming along. You could even turn the lights off inside your house and get a decent view through the window.
Try photographing the lunar eclipse. While a zoom lens will give you a better look at the action, if you don't have much of a zoom lens you can try to make the picture interesting by staging it near interesting foreground objects, such as trees or local monuments.
Active volcanoes in south and central America could make for a pretty eclipse with hues other than the typical orangish and red.
Whatever color your eclipse turns out to be, I hope you get a chance to see it!