This Oscars–ready variation on the champagne cocktail strikes a bravura balance between refined and boldly flavored, thanks to an easy-to-make orange syrup with an intriguing profile. You start by combining orange liqueur, anise-flavored Pernod, bay, orange zest, and allspice berries with a little sugar, and cooking to form a simple syrup. Strained and chilled, this forms the basis of this drink, topped off with sparkling wine. Garnish with something festive and serve at your most elegant Academy Awards party, or any other occasion that needs a delicious little glamour boost.
Make-ahead note: The orange syrup can be made up to 2 days in advance and refrigerated in a covered container.