Slowly brown 1/2 cup unsalted French butter in a saucepan until well toasted. Remove from heat and allow to cool. Pour one 750 mL bottle of bourbon into a plastic container and gently stir in brown butter. Leave until the butter has firmed and rose to the top of the container. Freeze the mixture, skim off solids, then strain through cheesecloth to remove the rest of the solids. Cover with lid.. This bourbon will keep for a few weeks.
In a rocks glass, muddle the bitters, brown sugar syrup, orange peel and cherry. Add the bourbon and 1 large ice cube and stir.
Adorn with swaths of orange peels and a maraschino cherry.
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