FOR each serving: Muddle 1 peach half and 2 lemon wedges in cocktail shaker.
ADD 5 oz. water, 2 oz. nectar, 1 pkt. CRYSTAL LIGHT, 1/8 tsp. bitters and 1 cup ice cubes; cover with lid. Shake until blended.
STRAIN and pour over additional ice in glass. Garnish with 1 peach slice.