This is such an easy balloon wine recipe, and it turns out great!
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3 cans white grape juice concentrate
1 1/2 cups sugar
Using all sanitized equipment and containers, add grape concentrate, sugar, and water to a one gallon container. Cap and shake to dissolve your sugar. Then, add in your wine yeast. Poke a balloon with a pin a few times, and put the balloon over the container.
This generally needs to ferment 10 to 15 days at room temp. Then it needs time to clear. Racking is optional, but might make for less sediment in your bottles.
1.) Use a white wine yeast, I had awesome results with K1V-1116
2.) Age the balloon wine in the bottle for about ten months before drinking if you can wait. I did, and it was really worth it.