The night before your party, rinse two latex gloves out and fill gloves with cranberry juice, tie closed and place in the freezer.
Mix the lemonade and the pineapple juice. Slice oranges and add a few to the punch bowl. Cut the latex off the frozen red hand. Place one hand in the punch bowl, when that melts you can add the second one.
A WORD OF CAUTION! Latex can be dangerous for some people with latex allergy, can be deadly. I am sure all of the latex can not be rinsed or washed out of these gloves. It would be a good idea to use something else for the ice mold.