Gather 2 large freezer safe containers
In your blender, combine 2 cups of the ice and 1 cup of the blue Hawaiian punch.
Blend, until smooth, adding extra blue punch, if needed for a slushy consistency.
Pour the blue slushy into one of the containers, and move to the freezer.
To the blender, add 2 more cups of ice, and 1 cup of the Gatorade.
Blend until smooth, adding additional Gatorade, if needed.
Pour the white slushy mixture into one of the containers, and move it to the freezer.
Repeat for the red layer using 2 cups of ice and the red Hawaiian punch. Start with 1 cup, blend, and add more if needed.
To prepare the slushies, fill a glass 1/3 full with the blue slushy mixture.
Fill another 1/3 with the white slushy mixture.
Finally, finish with the red slushy mixture.
Top with a maraschino cherry, and enjoy!