Smirnoff Ice Lime Margarita is the perfect drink for any fiesta. With its crisp taste and bubbly finish, Smirnoff Ice Lime Margarita features a refreshing lime flavor. Lightly carbonated, this drink has the classic taste of a freshly mixed Margarita, with a bit of sweet, tart and salty. This drink brings you the authentic taste of a margarita without any of the fuss. Enjoy chilled and drink responsibly. Smirnoff Ice Lime Margarita has a 4.5% ABV. One of the most popular malt beverages in the nation, Smirnoff Ice has been a staple of get-togethers and parties since 1999.