N: A little of the bourbon standard caramel and vanilla, and then a lot of black licorice. And ethanol. P: Lots of black licorice again. Beyond that, rich and sweet with sweet creamed corn, caramel and vanilla, and maybe a hint of milk chocolate. Finish is the licorice - yeah, it's both the start and the finish - and alcohol heat. For sub-$10, better than I would expect. But I think I'm almost always going to spend another few bucks to step up in quality.