2 cups fresh orange juice
1/2 cup orange liqueur
1/2 cup dark rum
2 (750-milliliter) bottles sparkling wine, chilled
Stir together orange juice, orange liqueur, and rum in a medium bowl; cover and chill 1 hour. Pour mixture into a large pitcher or punch bowl, and top with chilled sparkling wine. Serve immediately.
Note from Southern Living: We tested with Cointreau orange liqueur and Asti Spumante sparkling wine.