Up above you is some of the most interesting airspace in America. There are floatplanes taking off from the lake, wheel planes from the strip, and commercial jets and freighters from the International Airport. Soon after takeoff to the north, the pilot runs into military airspace; there are fighter jets leaving from Elmendorf as well as traffic from Merrill Field in downtown Anchorage.
Communication could get a bit tricky, but the pilots internationally use a phonetic alphabet to avoid confusion. A = alpha, B = bravo, etc. Hear some of the unique vocab when you listen to the Lake Hood weather report over the phone (907) 245-1618.