In blender, combine rum and next 5 ingredients; purée until smooth. Pour into coconut cup and float 151 proof rum on top. Garnish with cherry attached to a palm tree toothpick.

Sassy Sip Tip: Think about starting a cocktail glass collection. So much of the fun in preparing a cocktail is wrapped up in the way the drink looks. Or become friends with your local party rental company -- they may consider buying a certain glass pattern if you convince them that it will rent well!