THEATER: “This Wonderful Life” @ Capital Repertory Theatre, Albany. It’s opening night for the stage adaptation of the film classic “It’s a Wonderful Life.” Directed by Maggie Mancinelli-Cahill. 7:30pm. $20, $30, $40 & $50. Through Saturday, December 22.
MUSIC: Set It Off @ the Upstate Concert Hall, Clifton Park. In support of their full-length debut album, Cinematics. Co-headlining with Sparks the Rescue. Also with Handguns, Heart Foundation, Louder Now and Step.Back.Eleven. 7pm. $12.
DISCUSSION: “Collecting in the Community: Building a Collection of Local and Regional Art” @ the Saratoga Arts Center, Saratoga Springs. Find out about supporting the local arts community while surrounding yourself with inspiring works of art. With artist Erik Laffer, collector Paul Hobart and gallery director Elizabeth Dubben. 6pm. FREE.
DANCE ON FILM: “An Evening with Kylián/Inger/Walerski” @ Proctors, Schenectady. Four contemporary ballet works from the Netherland Dance Theatre Contemporary Ballet. 2 & 7pm. $15; ages 17 & under $10.