Coat a large stock pot with non-stick spray. Melt butter over low heat. Add in marshmallows and melt them over low heat, stirring constantly until smooth. Remove from heat and add in food coloring and vanilla.
Add in cornflakes and stir constantly until blended. With lightly greased fingers or a tablespoon, arrange cornflakes mixture into a small donut shape–a wreath with a hole in the center–on waxed paper. Before they cool, decorate with red hots (4-5 each wreath). May also attach red hots with a small dab of icing (from the Christmas sugar cookie recipe on the post below).
green food coloring
cinnamon red hots
Approximate Cost: $4.35