Heat oven to 350ºF. Grease bottom only of 13x9-inch baking pan.
Make cake mix as directed on package using oil, egg, food coloring, lemon peel and substituting cranberry lemonade for the water. Pour into pan. Bake as directed or until toothpick inserted in center comes out clean. Immediately poke holes down through cake to bottom of pan with round handle of wooden spoon.
Pour milk into medium bowl. Add dry pudding mix. Beat with wire whisk 2 minutes. Immediately pour pudding mixture evenly over warm cake and into holes to make stripes. Refrigerate cake 3 hours.
Stir cranberry sauce until spreadable. Spread over top of cake. Frost cake with whipped topping. Serve immediately or cover and refrigerate until ready to serve.
Garnish with additional lemon peel if desired.
Makes 24 servings.
Per Serving: Cal. 215 (11% DV), Fat Cal. 59, Pro. 3 g (5% DV), Carb. 36 g (12% DV), Fat 7 g (10% DV), Chol. 2 mg (1% DV), Sod. 193 mg (8% DV), Vit. A 12 RE (1% DV), Vit C 3 mg (5% DV), Vit. E 0 mg (0% DV), Calcium 73 mg (7% DV), Iron 1 mg (3% DV), Folate 15 Ug (4% DV), Zinc 0 mg (1% DV), Pot. 71 mg (2% DV), Dietary Exchange: Fruit 1, Starch 1.5, Fat 1