Last night D and I ordered chinese food and cooked up a whole slew of rice krispy treats. And corn flake treats, as was suggested by some. I modified the recipe some: I couldn't find red hot candies, so I used holiday M&Ms. Also making them into wreaths sounded like a lot of work, so I went with the "blob" approach. Also the only corn flakes I could find had banana chips in them, so I had to pick those out. (Other than that, they're just like the recipe.)
Once I had all that food coloring and M&Ms, naturally I decided to use it in the rice krispies also...especially since I didn't find red and green rice krispies like I'd hoped to. I think the arrangement came out pretty festive. And it definitely came out yummy, which was the most important thing!