Sure, here are some fantasy cocktail ideas.

Dragon's Inferno: Made with high quality dragonfruit,whiskey and treated with fiery red breath of dragon.

Dryad's Kiss: A sweet and earthy drink made with apple brandy, green tea, and a touch of honey.

Troll's Tonic: A strong and bitter drink made with gin, tonic water, and a slice of cucumber.

Elder's Sweat: A weak cocktail that definitely makes you feel energetic, made with sweat of a hard working Elder and dilute spiced rum.

And as for the menu, it must be unique and special with dishes for all the race inhabiting the fictional fantasy lands.
 
Elven Forest Salad: This light and refreshing salad is made with mixed greens, fresh berries, and a honey vinaigrette. It's topped with toasted almonds and delicate slices of elven cheese, which is made from the milk of elven deer.

Dwarven Ale-Braised Beef: This hearty dish features beef that has been slow-cooked in a rich and flavorful ale sauce until it's tender and falling apart. It's served with roasted root vegetables and a crusty loaf of bread, perfect for soaking up the delicious gravy.

Elven's dragon roast: Made specially on a full moon night to harvest all the energy.
Made with flightless dragons bred specially for their meat, topped with some lovely Agnivesh mushrooms.
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