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The Pink Squirrel is a creamy, pink cocktail with a tempting flavor of almond and chocolate. It is fun, it is cute, but it is not as popular as it once was. It is said that the Pink Squirrel was created in the early 1940's at a cocktail lounge in Wisconsin. The sweet taste and fun look made it a very popular cocktail for a few decades.
More Tips for Making a Great Pink Lady. The Gin. The Pink Lady is the ideal cocktail for a little gin experimentation. It can work well with the traditional London dry gins like Beefeater and Tanqueray and it is equally delightful with any of the new gins.