The event, which has a $12,000 purse, will feature an all-new setup of jibs that will become more difficult as the contest progresses. The Hot Dawgz & Hand Rails bash also includes three movie premiers, a fashion show and an after-party, among other festivities. The revelry, which free and open to the public, begins at 2 p.m.; the competition, which is open to invited athletes only, is scheduled to start at 3 p.m.