The "Village" is in Manhattan
The Village is short for Greenwich Village; a cool part of Manhattan (NYC) that is an area below 14th Street and west of Broadway (I used to work up on 21st Street). It attracts an eclectic goup of people. It's a lot of fun to hang out in the area. It is very bohemian.
There are TONS of cool bars, pubs, clubs, shops and street things to check out. As the saying goes, "the city never sleeps." There is stuff going on all hours of the day.
You're going to love it if you've never been to NYC. Just make sure your buddy takes you around. You'll see thousands of different kinds of people, eat awesome food and be bombarded by the sights and sounds.