  The 5th RAVE data release is based on 520,781 spectra ($R\approx7500$ in the
CaT region at $8410$ - $8795$\AA) of 457,588 unique stars. RAVE DR5 provides
radial velocities, stellar parameters and individual abundances for up to seven
elements and distances found using isochrones for a considerable subset of
these objects. In particular, RAVE DR5 has 255,922 stellar observations that
also have parallaxes and proper motions from the Tycho-Gaia astrometric
solution (TGAS) in Gaia DR1. The combination of RAVE and TGAS thus provides the
currently largest overlap of spectroscopic and space-based astrometric data and
thus can serve as a formidable preview of what Gaia is going to deliver in
coming data releases. Basic properties of the RAVE+TGAS survey and its derived
data products are presented as well as first applications w.r.t wave-like
patterns in the disk structure. An outlook to the 6th RAVE data release is
given.
