New Years Eve Midnight Cocktail Toast Recipe. If you’re hosting a New Years Eve party this season, and you want a tasty cocktail for your guests to toast to at midnight, look below for a great recipe to feed your taste-buds. Single serve Ingredients: 4 oz. champagne (reasonably priced non-vintage champagne is fine) 1/2 oz. cognac 1/2 oz. Grand Marnier dash of Campari orange wheel (garnish) crushed ice Preparation: 1. Fill a large chilled wineglass with crushed ice. 2. Add the following in exactly this order: Champagne Cognac Grand...