It's like a tradition. Every first saturday of each month cariocas go to feira do lavradio to buy some stuff as cool clothes, antique articles (from furniture to clothes), craftwork, vinyl records, hand-made bags and shoes, and a lot of another different and alternative things. Normally there is a live roda de samba in afternoon.
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Officially called Feira do Rio Antigo, or "Old Rio Fair", this fair is a good choice to spend the day and have a great walk in downtown and lapa. It's a great open-air market with a lot of interesting things to see! It's the meeting point of alternative people in Rio, so there is always something cool and new going on.
It's only in the first saturday of the month! Check the website to see the day's events.