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Start making this drink about two hours before the party starts because it needs time to chill. As do we all, this Labor Day. The recipe makes enough for 14 drinks. It's a summery riff on the classic margarita made with fresh watermelon, lime juice, tequila, and a touch of peach liqueur. Lemon wedges optional, but they do add a pretty contrast of color. And a squeeze of lime never hurts a drink like this.