Bhishmashtami or Bhishma Astami is celebrated on Magh Shukla Ashtami, the eighth day in Shukla paksha in Magh month. Bheeshmashtami 2011 date is February 11, Friday. Bhishma is known as the legendary king of Mahabharata whom Lord Krishna praised as the Lords of the Lord. It is believed that on Bhishmashtami day, Bhishma laid himself on the bed of arrows. As no one was able to counteract Bhishmas courageous fight, Lord Krishna was about to aim his Sudarshan Chakra on Bhishma.
Seeing Krishna lifting Sudarshan Chakra, Bhishma stopped his war from his side and laid himself on the bed of arrows, made by Arjuna. Bhishmashtami is celebrated with utmost fervor in ISKCON Temples and some other Vishnu temples. Reciting or chanting Vishnu Sahasranama stotram, Dasavatara Stotram, Vishnu Ashtakam, etc. is highly meritorious.