Nicole of Baking Bites has assembled a tutorial on how to make marshmallow Peep-infused vodka which involves sticking 30 candy Peeps in inexpensive vodka and letting it steep.
You can use this vodka in just about any cocktail, and it actually makes a fun centerpiece for an Easter party. Peeps come in a variety of colors, but they all taste just about the same. The classic Yellow peeps are my personal favorite and I chose them to infuse my vodka. Feel free to work with blue, purple or pink Peeps, but I don’t recommend mixing and matching the colors because it will result in a less-than-pleasant-looking finished product as the colors mix. The yellow turn out a vodka with an almost limoncello color to it, which is easy to incorporate into drinks.
You can check out the complete tutorial here. Apparently Peep-infused vodka cocktail recipes will be coming soon.