Drain pineapple, reserving syrup. Combine pineapple, marshmallows, cherries and 1/4 cup pineapple syrup. Let stand for one hour. Fold in whipped cream and spoon into glass dessert dishes. Sprinkle with nuts and chill!
Soak gelatin in cold water. Drain syrup from pineapple. Measure and add enough boiling water to make 1 1/2 cups. Heat this to boiling point and pour over gelatin. Add sugar, salt and lemon juice and stir until dissolved. Cool until mixture begins to stiffen. Then add whipped cream and pineapple chunks and mix thoroughly. Pour into molds and allow to congeal! Light, creamy and decadant!