Step 1.
- Chill an Old Fashioned glass by filling it with ice water.
Step 2.
- In a mixing glass, combine 1 oz rye whiskey, 1 oz Cognac, and 1 oz sweet vermouth.
Step 3.
- Add a dash of Peychaud's bitters and a dash of Angostura bitters.
Step 4.
- Add a bar spoon of absinthe to the mixing glass.
Step 5.
- Fill the mixing glass with ice and stir until chilled.
Step 6.
- Discard the ice water from the Old Fashioned glass.
Step 7.
- Strain the mixture into the glass over a large ice cube.
Step 8.
- Garnish with a twist of lemon peel, expressing the oils over the drink.