Oh shit, this is hilarious.
My friends and I had a drink we called the Sidewalk Slam; you drink a 40oz of OE or Mickey's down to the label, and then fill it back up with Four Loko. It actually ended up tasting really good because the 40 watered down the normally shit Four Loko flavor, but it got you a really solid buzz for like 6 bucks.
Gonna have to try it with some different flavored Jolly Ranchers, though - Watermelon was the worst Four Loko flavor, by far.