Place the plastic jello shot cups on a sheet pan without the lids on. Set aside.
Add the powdered JELL-O to a mixing bowl. Pour in boiling water and whisk until gelatin is completely dissolved.
Add in the cold vodka, cold peach schnapps, and cold cranberry juice. Whisk to combine.
Carefully pour the gelatin mixture into each plastic cup, filling until almost full.
Transfer sheet pan of jello shots into the refrigerator and chill for at least 4 hours or until set. Put lids on cups and keep in the fridge until ready to serve.
Right before serving, pipe a little fresh whipped cream on top, followed by a maraschino cherry, and tiny orange wedge.