One of the best ways to get a great drink and food deal in Lake Tahoe is to visit one of the local bars during Happy Hour. Many bars and pubs in the area will offer specials on wine and beer and sometimes even a signature cocktail like the Wet Woody at Gar Woods. There are also specials on small plates of food and appetizers. Happy hour is also a great place to meet locals just off work or other skiers, boarders and hikers just off the slopes.
Head to the River Grill in Tahoe City after a day of hiking to enjoy their daily afternoon happy hour. If the weather is nice, you can also sit on their deck by the Truckee River. Tahoe Mountain Brewing Company (also in Tahoe City) is a fun local hangout that features Tahoe inspired brews. If you are in the South Shore, head to The Brewery for their $3 handcrafted brewery pints and $4 house wines. Also in South Lake Tahoe is the Blue Angel Cafe, Try their organic food or hot coffee bar. If you are in Truckee, head to the Cottonwood for their wonderful bar and classic Tahoe ambiance.