Place a piece of wax paper on a work surface before you get started. Open the bugles and set aside the amount you will need for your elf hats (I made about 30 hats) on the wax paper. Place some red m&m's in a bowl. Melt the candy melts as the package directs. Use a fork and dip each bugle in the green melted chocolate one at a time, until completely covered. Place a red candy at the tip of the bugle while the green chocolate is still wet. Place on wax paper to dry. Do this for each hat.

Once they are all dry, re-melt the green chocolate, dip the bottom rim of each little hat in it and then dip it directly in the sprinkles, or whatever you are using to decorate the rims. Set on wax paper to dry.

In a large bowl, mix together pretzels, Rice Chex, and peanuts.

Melt white chocolate according to package instructions and pour over ingredients in the bowl. Stir around to evenly coat party mix and spread out onto a baking sheet lined with parchment paper to dry. Once dry stir in santa hats and M&M’s.