Essentially a Gin Sour colored with grenadine and fortified with applejack, the Pink Lady is thought to have originated Add all ingredients to a cocktail shaker. Feb 13, [Photo: Maggie Hoffman]. Stop sneering. For decades the Pink Lady was a punchline drink, written off as a dainty little thing in a demure. Apr 6, The Pink Lady pink and fluffy with egg froth on the top, so you might expect it to be cloyingly sweet, but it's actually drier than most modern.