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Place colored candy melts in a disposable piping bag. Melt in the microwave, checking every 30 seconds.
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Pipe just enough candy melts into the bug molds to cover the bottom and sides of the mold. Use a small paintbrush to spread into corners.
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Place molds into the refrigerator to set for 10-15 minutes. Save leftover candy melts to cover the candies once filled.
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For the filling, place the white candy melts, and butter in a large heat-safe bowl. Set aside.
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In a large saucepan, bring the evaporated milk and marshmallows to a boil over medium heat, stirring frequently. Once the mixture boils, let it cook for 5 minutes, stirring constantly.
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Remove from the heat and pour over the butter and white candy melts. Stir until smooth.
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Stir in the flavoring and a couple drops of food coloring.
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When the mixture is cool enough to handle, place into a piping bag.
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Gently pipe the filling into the candy molds, making sure to leave a little space for a layer of candy melts on top.
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Re-melt leftover candy melts and pipe over the filling to close off each candy. Gently smooth with an icing spatula or knife if needed.
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Place in the refrigerator to set, about 30 minutes.
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Carefully pop candies out of the mold and store at room temperature.