Cream butter and cream cheese together until smooth. Add vanilla, maraschino cherry juice, and Cheerwine and mix. Slowly add 5 cups of powdered sugar about 1 cup at a time until all creamed together. Add more sugar until desired thickness is reached. Sit in the fridge to set and thicken up for a little bit. Ice cupcakes. I put mine in an icing bag with no tip and swirled it around the cupcake. Put cupcakes back in the fridge to harden while you make the drizzle.