Rum is a distilled alcoholic beverage made from sugarcane by-products such as molasses or sugarcane juice. It is typically aged in oak barrels, which imparts flavor and color to the spirit. The color of rum can range from clear and colorless to dark brown, depending on the aging process. Rum is most commonly associated with the Caribbean and is a popular ingredient in cocktails such as Mai Tais, Daiquiris, and Mojitos. The alcohol content of rum can range from 40-60% ABV, depending on the brand and the distillation process. Some of the most famous rum producing regions include the Caribbean, Central America, and the Philippines.