[support] How to have 'featured events'?

Hello, I've got a website I'm developing for a library. On the front page will be displayed new events, updated and added pages, etc. What I'd like to do is have a small area on the page that shows a few featured events. Kind of like this site: http://www.aadl.org My question is, where do I start? How do I classify an event as being 'featured', and how do I get a block to only display those items? Thanks in advance for any help you can provide. - jody