M42 is the celebrated Orion Nebula, a spectacular nebula lit by the stars of the Trapezium, a stellar nursary. M43 is an extension of this nebula to the north. M78 is another nebula, requiring optical aid in order to observe it.
IC 434 is another nebula that lies just off the "belt" of Orion and contains the famous Horsehead Nebula. The outline of a horse's head can be seen only in long exposure photographs, however. NGC 1977 is part of the Orion Nebula complex. NGC 1981 is an open cluster visible through binoculars.
About half of the fast, sometimes bright Orionids leave trains. Like the Eta Aquarids in the constellation Aquarius, this shower is associated with comet 1P/Halley. The radiant is near the club of Orion so it is visible to observers in both hemispheres.
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