A method is provided for forming a gasket for sealing opposing flange surfaces of a pipe having corrosive fluid flowing therethrough. The method comprises defining a gasket profile incorporating a serrated profile core having a flange extending radially inward therefrom. A deformable pillow extends radially inward from the serrated profile core, to define a gasket intermediate portion about the flange, and a gasket inner portion radially inward from the flange. The deformable pillow material and thickness are selected such that upon compression to a thickness no less than the core thickness, the gasket inner portion exhibits a stress level sufficient to preclude corrosive liquid flowing through the pipe from passing radially outward beyond the gasket inner portion, and the gasket intermediate portion exhibits a stress level sufficient to preclude gas and liquid flowing through the pipe from passing radially outward beyond the gasket intermediate portion.