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Blow up 10-15 balloons to desired size. Cover a baking sheet with waxed paper. Set aside.
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Place the chocolate candy melts in a microwave safe bowl. Microwave until melted, stirring every 30 seconds.
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Let the chocolate cool slightly so that it is no longer warm to the touch, but is not starting to set.
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Hold a balloon by the knot and slowly dip the bottom into the room temperature chocolate. Move it around gently, dipping it until the chocolate is about halfway up the balloon.
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Gently remove the balloon from the chocolate and place it onto the prepared baking sheet. Repeat until all balloons are dipped.
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Let the balloons sit at room temperature until the chocolate is set. Once the coating is set, refrigerate the tray for about 5 minutes to make the chocolate hard.
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Once the chocolate has hardened, press around the side of the balloon to break the seal between the balloon and the chocolate. Then, holding the ballon below the knot, cut a slit above your fingers and slowly let the air out of the balloon. Carefully pull the remaining part of the balloon off the sides of the chocolate.
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Set bowls aside.