"Waiter, I'd like my 80 bucks back. Just six waters, please."

Powdered alcohol is not only here, but it's going to make lots of people lots of money. That's the only thing that can explain how Palcohol sailed through the federal approval process so quickly that it even caught its inventors off guard. The Alcohol and Tobacco Tax and Trade Bureau signed off on Palcohol last week, and powdered partying should be in full swing by the fall.

The company's website says that powdered versions of six drinks will be available, including Cosmopolitans and Kamikazes. The drinks can even be sprinkled on food, which will come in handy for those mornings when you're too rushed to make a Margarita and only have time for a Powderita Muffin.

Sources: Gawker