Mix the drained pineapple, cherries, and sweetened condensed milk together in a large bowl. Fold in the cool whip until well blended. Smooth it all out evenly in the bowl and sprinkle nuts on top if you like. Put in refrigerator to chill for at least 1-2 hrs. before serving.

Other suggestions and comments: This may also be made days in advance and froze until needed. Just allow time to thaw slightly. For a more Festive look you can add a touch of red food coloring when adding the cool whip to add eye appeal. This item has been edited by Learning Network staff.