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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.
In its most basic form the pink lady consists of just these three ingredients. According to the Royal Cafe Cocktail Book of 1937, it is made with a glass of gin, a tablespoon of grenadine and the white of one egg, shaken and strained into a glass. Often lemon juice is added to the basic form as well and in that case the Pink Lady is identical to another cocktail called Clover Club.