A non-alcoholic beverage popular in Mexico (and presumably elsewhere in the Latino world). In many ways, the licuado resembles a milkshake/smoothie-type drink or even perhaps an Italian Soda. Unlike the former, however, a licuado is made with milk rather than ice cream; and unlike the latter, the licuado uses real fruit and is a blenderised drink.
But whatever the case, making a licuado is actually rather simple, and can be accomplished merely by putting a blender to the following ingredients:
Ice cubes
Milk (although orange juice or water can be used instead)
Any combination of fresh fruits (strawberry, banana, and mango all make for really good licuados, imho)
Vanilla (optional)
In any event, a good licuado is really a damn good thing.