The key to this drink is choosing different colored drinks that complement each other, like fruit flavors. What ever you do, do not use diet or artificially flavored drinks as they will not work to keep the colored layers separated!
 
Making this by the glass is my preferred method, but you can use a serving container to make it in if you wish.
 
Just be aware that the drinks will taste different with each pour as you will be using more of the top layer of liquid in the first drinks and will have a blend of colors and flavors by the time you reach the bottom of the serving container.

Ingredients:
 
Ice
3 different colored, but complementary flavored, beverages with varying amounts of Sugar content. *
Red Food Coloring (If blood colored ice is desired.)

* Kool Aid, Non Artificially Sweetened Sodas, and Sports Drinks work well for this. Just make sure to check the labels for the sugar content.
 
Directions:

If you want red ice cubes for the drinks, combine the red food coloring * with a large glass of water until the shade of red you desire is reached.Pour your red water into an ice tray and place in the freezer the night before you wish to make the punch. If you don't want red ice, just make your ice cubes as normal.

* Add the food coloring one or two drops at a time because a little goes a long way!
 
Fill your glasses or serving container to the top with your choice of ice cubes.

Read the labels of the drinks to find the one with the highest sugar content and put it in the serving container or glasses first. Tip the container or glass and SLOWLY pour the liquid down the side until it is about 1/3 full.

Read the labels once more and find the next highest sugar content, this will be your next layer. Do not tip the container or glass this time and SLOWLY pour the liquid into it until the container or glass is 2/3 full, making sure to pour the liquid over the ice cubes to avoid mixing the liquids.
 
Repeat the process with the remaining liquid until the container or glass is filled.

Serve and enjoy!