Epsilon Pegasi is Enif, ‘the nose’, an irregular variable supergiant with a usual magnitude of about 2.4 but which may brighten up to around 0.7 or dim to about 3.5. At a usual magnitude of 2.4 it's the brightest star in the constellation.

The star is roughly midway between two alphas: east of Altair (tip of the Summer Triangle) and west of alpha Pegasi: binoculars.

Northwest of epsilon, in the same field of view, is M15, a very bright globular cluster perhaps visible to the naked eye (depending on the quality of the night skies) but nicely seen in binoculars: binoculars. Medium-sized telescopes resolve individual members.