Finally made it in last night. Rhino4evr is not lying, it's behind an unmarked door in the back room of Tuffys, which is otherwise given over to TVs and a shuffleboard table.
What an incredible place. Goes for a true tiki bar vibe, in the vein of Smuggler's Cove in San Francisco or Lattitude 29 in New Orleans, and it is beautiful. The decor and music work perfectly. The drinks are authentic, tasty and absolutely lethal. Make sure you have a designated driver if you're even thinking about a 3-tiki rated one. As Rhino said, huge selection, tho vast majority center around one of over 100 varieties of rum they stock. Prices were reasonable compared to Disney--$12 - $16 seemed the general range, but those higher drinks pack a ton of top-shelf liquor.
If you are a tiki fan, absolutely worth the 45-minute drive from tourist town. Even if you're just looking for a day away from the parks, this plus the four breweries and a couple nice restaurants within walking distance would be a nice antidote to the other side of Orlando.