Combine vermouth, whiskey, and a dash of bitters with 2 to 3 ice cubes in a mixing glass. Stir gently so as not to cloud the drink. Place the cherry in a chilled cocktail glass and strain the mixture over the cherry. Rub the cut edge of the orange peel over the rim of the glass and twist it over the drink to release the oils, but don't drop it in.
Recipe courtesy of Bobby Flay