To make the wassail, wrap the cloves, allspice, ginger, cinnamon sticks, and peppercorns in cheesecloth and tie with kitchen string. Combine the cider, cranberry juice, brown sugar, and spice bag in a large pot over high heat. Bring to a boil, then reduce the heat and simmer for 30 minutes.
For each serving, put one ounce of bourbon in a mug and fill with hot wassail. Garnish with a dusting of nutmeg and a cinnamon stick.
Type of drink Cocktail Recommended glass Cocktail Glass