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An hour is totally acceptable between ceremony and reception. And I have often heard it called "Social Hour" Drinks can be served, but if you don't want to do appetizers, don't worry. I have been to a lot of weddings where that isn't offered.I think people will have fun mingling and enjoying their time. Don't stress over just an hour.Good Luck!
I agree with the ladies here! Definitely have a cocktail hour, or whatever you want to call it! It's your day--you call the shots (pun intended, I guess) with what is being served and what fits in your budget. Maybe you could create a "signature" punch for your wedding, and include both an alcoholic and non-alcoholic version?
As for food, just keep it simple. Most guests will appreciate having a few munchies around like cheese & crackers, an assortment of nuts, or a fruit/veggie tray. I think others have said this before, but you should definitely include things for the guests to do. Perhaps you could set up a slide show of the two of you from birth to present, or have a photo booth for guests to take silly pictures, or make some sort of "wedding wishes" thing where guests can write their marriage advice for the two of you.
I have a similar dilemma as most people coming to my wedding do not drink, so I decided to have Karaoke hour instead of cocktail hour. Cocktails will be served for people who do drink, and even though I don't want them to eat dinner without us, hors d'oeuvres while they wait. But while they are waiting, there will also be karaoke. I hope it works, because don't know how outgoing they will be to jump up and do Karaoke, but I don't want my guests to get bored while I am gone.