Add the food dye and extracts and mix well. Stir in the tequila. At this point, it is sometimes necessary to add additional liquid to achieve the correct consistency; milk will work. The batter should be about the consistency of cupcake batter.
Heat a griddle to 300 degrees F. Drop batter by large spoonfuls onto the griddle. When bubbles begin to appear on top of the pancakes, add 1 to 2 strawberry slices to the top of each pancake, then flip. Cook for an additional 30 seconds to 1 minute and then remove, placing pancakes strawberry-side up on wax paper to cool. Stack them this way (upside down!) to display the fresh strawberries.
Garnish the pancakes with whipped cream, a sprinkle of pink sugar sprinkles, lime zest and Lime Syrup.
Combine the powdered sugar and lime juice in a small pot. Bring to a simmer over medium-low heat.