The lipstick lady

Out on the briny ocean
A party in full swing
With wind in their sails
Corks were popped, so it began
Someone decided to add some zing
It was time for cocktails
Suddenly, from the depths she appeared
The lipstick lady
Hearts began to flutter
All went quiet - not a mutter
The hand of misfortune as one they cried
She had not surfaced for a decade or more
One and all now frightened to their core
The Bermuda triangle would not be denied.