A quick idea to dress up beverages for any occasion? Personalized water bottle wraps/stickers. I got mine from Oriental Trading but a quick web search will give you plenty of options. Simply wrap them around the bottle or can of beverage of your choice for a personal touch to any event. You can also use these for a promotional event. I purchased a color coordinated plastic drink bin, from a local big box store, filled it with ice and made a nice display for a graduation party.
Even if your party has been downsized, you can keep the festivities alive with this simple, personalized idea.