Fill pitcher with water
Add food coloring
Pour into glove, and using a rubber band, tie the glove shut.
Place glove in the freezer for at least 12 hours.
Mix all the above ingredients in a punchbowl.
Remove frozen glove from freezer, and remove rubber band
Peel off glove and float the "hand" in the punch.
NOTE: Kool-Aid and juice do not freeze well enough to use in the glove, and the "fingers" will snap off when taking off the glove.