Muddle the jalapeño rings in a cocktail shaker, then top with ice.
Add in the tequila, tomato juice, horseradish, Tabasco hot sauce, Worcestershire sauce, lemon juice, cayenne powder, salt and pepper. Top and shake the cocktail for 10 to 15 seconds.
Pour into a glass with ice and garnish with jalapeño rings and celery.
Strain into a large Old Fashioned glass half-filled with ice cubes. Garnish with the pickled jalapeño, lime, or celery sticks and serve.