This is obviously a better trick than simply taking swigs of Vodka with a Jolly Rancher in your mouth. Using just a handful of everyone's favorite childhood hard candy, you can make some very flavorful, very sweet, party-colored Vodka.
Apparently, it only takes about a dozen Jolly Ranchers to completely transform an 8 ounce glass of otherwise flavorless Vodka. Using cheap enough Vodka, that means several people can have more than their fair share for less than $20.
Of course, the nicer the Vodka, the better the end result will be. After drowning the candies in a container of your choice, just let the concoction sit overnight. There shouldn't be any hard pieces or residue left by morning, and then you can just chill the new drink in the freezer for a couple of hours.