Combine all the ingredients into a punch bowl and refrigerate to chill until ready to serve.
Serve in punchbowl or other large serving container with a large block of ice to chill/dilute. Stir occasionally and before serving, as ingredients will separate and settle as they sit.
Single Cocktail
Add all the ingredients into a cocktail shaker, fill with ice, and shake. Strain into an old fashioned glass over new ice and serve.