Let’s face it: Most pool parties in this town will cost you. Either you pay a cover charge and $18 for every drink you down, or you bypass multiple financial hits by ponying up for big-money bottle service. Either approach got you feeling strapped? The Telepathic Octopus has your back. This new quarterly—thrown by Making Shapes’ Jeni Luv, A Club Called Rhonda’s Phyillis Navidad and Let’s Play House’s Cooper Saver—will transplant its warehouse-party vibe to the skyscraper-lined space above the Standard hotel without charging partiers a penny. Mark the occasion in the photobooth or on the dancefloor as residents and guest DJs play a genre-melting mix of classic house, booty bass, disco derivatives and summer jams amid under-the-sea themed decor.