Every party needs a signature cocktail, and an Oscar’s viewing party should be no exception. I mixed up a drink I’m calling the “Red Carpet Cocktail” just for the occasion. Pour a flute 3/4 of the way full of champagne and then add a few splashes of Rose’s grenadine for a colorful punch. Garnish with a cherry Twizzler wrapped around a bright red maraschino cherry and of course, a striped paper straw. (Looking for more Oscar’s Party ideas? Check out my post over on the Wayfair blog today!)