The Eddie is On! UPDATE: False Alarm

UPDATE: The contest has been called off :( http://www.staradvertiser.com/sports/sports-breaking/eddie-is-a-no-go/

The Quiksilver In Memory Of Eddie Aikau is a big wave surf tournament named after one of Hawaii's most legendary figures. The contest is only held when the conditions are absolutely perfect - consistent waves topping 40ft in Waimea Bay - which means that it hasn't been called in six years.

Organizers have decided today's the day!

Watch it live here, starting at 12:30pm ET!