This revolting thing is a cocktail called an "Alien Brain Hemorrhage": "To make an alien brain hemorrhage cocktail, fill a shot glass halfway with peach schnapps. Gently pour Bailey's Irish Cream on top. After the shot is almost full, carefully add a small amount of blue curacao. After it settles, add a few drops of grenadine syrup." Looks like it could be improved with a couple lumps of dry ice.
Alien Brain Hemorrhage Cocktail Recipe 2012 Drink Pic
(via Neatorama)