Icy snow cones drenched in colorful flavored syrups are a refreshing, fun family treat for hot summer days. This classic American frozen dessert is a nostalgic favorite at fairs and cookouts.
In a small saucepan over medium heat, combine granulated sugar and water. Stir constantly until sugar is completely dissolved to make a simple syrup, about 3–5 minutes.
Remove the syrup from heat and let it cool to room temperature. Divide the syrup evenly into 2 or 3 bowls (depending on how many flavors/colors you want).
Add 1 tsp of a different flavored extract to each bowl and a few drops of food coloring (optional). Stir well to combine the flavors and create vibrant colors.
Use a high-powered blender or ice crusher to finely shave the ice cubes, working in batches if necessary. Pile the shaved ice into individual serving cups or paper cones, packing gently for a fluffy texture.
Pour a generous amount of the prepared syrup over each mound of shaved ice just before serving. Serve immediately for the best icy texture.