In this paper, we study the cobordism spectrum $\MO{8}$ at the prime $3$. This spectrum is important because it is conjectured to play the role for elliptic cohomology that Spin cobordism plays for real K-theory. We show that the torsion is all killed by $3$, and that the Adams-Novikov spectral sequence collapses after only $2$ differentials. Many of our methods apply more generally.