This is the punch that my grandma makes every christmas that she passed to her kids and my mom past it to me.

1 (2 liter) bottle of 7up
2 packets of cherry kool-aid
1 can of frozen lemonade
2 cups of sugar (more or less to taste)
1 can of water (more or less for a sour kick)

Simply add all ingredients in a large punch bowl and stir. Add more water or sugar if you prefer.

Gotta love them Grandmas..