"According to folklore, October's full moon is called the "Hunter's Moon" or sometimes the "Blood Moon." It gets its name from hunters who tracked and killed their prey by autumn moonlight, stockpiling food for the winter ahead. You can picture them: silent figures padding through the forest, the moon overhead, pale as a corpse, its cold light betraying the creatures of the wood.
The Blood Moon rises this year on Wednesday, Oct. 27th. At first it will seem pale and cold, as usual. And then ... blood red.
It's a lunar eclipse. Beginning at 9:14 p.m. EDT (6:14 p.m. PDT), the moon will glide through Earth's shadow for more than three hours. Observers on every continent (map) except Australia can see the event: The pale-white moon will turn pumpkin orange as it plunges into shadow, becoming eerie red during totality."
The above excerpt can be found on the following site: http://science.nasa.gov/headlines/y2004/13oct_lunareclipse.htm
If you missed it you get another chance in 2007.