Combine cranberry-juice cocktail, cider, and raisins in a medium-size saucepan.

Tie cloves and allspice in a cheesecloth bag and add to the pan.

Heat slowly, 5 minutes, or just until warm; remove spice bag.

Ladle into stemmed glasses, adding some of the raisins to each; garnish each with an orange slice threaded onto a cinnamon stick if you wish.