For a big holiday bash: Pomegranate-Champagne Punch
Courtesy of Cork in Chandler.

1 750 ml. bottle Pomegranate Vodka (we like Pearl)
1 16 oz. bottle POM Pomegranate Juice
2 Limes, juiced
1 750 ml. bottle Champagne, sparkling wine or rosé Champagne (we recommend using rosé)
Fresh pomegranate seeds for garnish
Combine vodka and juices. (This base can be made ahead and refrigerated for a few days.) Pour about four ounces base in a flute and top with an ounce of sparkling wine. Garnish with a few pomegranate seeds. If you are serving out of a punch bowl, you can add the Champagne just before serving, but use about half of the bottle. Serves eight to 12, depending on size of glass.