Because this drink has a lot of components, it's helpful to prepare this pink elephant signature cocktail in batches ahead of the wedding reception in a pitcher.
Mix all but the cranberry juice in a 2 1/2-quart pitcher. Then add the cranberry juice a little at a time until drink is the color of light-pink cotton candy. Refrigerate until serving time. To serve, pour over ice into chilled 6-ounce glasses. Garnish with thin lime slices (or pink plastic elephants).