In a large pitcher, combine the Campari, rum, vermouth and Velvet falernum. Place in the refrigerator (or freezer!) until ready to serve. Serve 3 to 4 ounces in each glass with lots of ice. Garnish with a dried pineapple, mint sprig and orange peel.
This is great to make ahead for a party, and because it's all liquor you can keep it very cold in the freezer until you are ready to serve it. If you aren't having a party, pour into cute jars and give as a great holiday gift!