Spicy Holiday Lemonade

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1 1/2 cups vodka

1/2 cup Pimm's No. 1

1 cup fresh lemon juice

1/2 cup fresh lime juice

1/2 cup honey

2 teaspoons hot sauce, preferably Tabasco

Coarsely ground black pepper

1 lemon, thinly sliced

1 lime, thinly sliced

1 cup chilled lemon-lime soda