4 cups apple cider, or apple juice
1/4 cup honey
2 Tbs butter or margarine
1 cinnamon stick, 3 inches long
1 tsp grated orange peel
1/4 tsp ground nutmeg
1/2 cup light rum, optional
Combine all ingredients except rum in medium saucepan and bring to a simmer, stirring occasionally. Simmer 5 minutes.
Stir in rum just before serving, if desired.