Sazerac

1 sugar cube
3-4 dashes Peychaud Bitters
2 oz rye
Lemon peel for garnish
absinthe

Fill an old fashioned glass with ice and water and chill. In a second glass, soak sugar cube in bitters and muddle. Add ice and rye and stir. Remove ice from first glass and add a few drops of absinthe. Roll around glass and dump excess. (I used an atomizer.) Strain rye mixture into absinthe coated glass. Cut a nice, big peel of lemon over glass and throw peel in. (or not).