Heat oven to 350°F. Separate dough into 5 rolls. Cut each in half crosswise. For each flying bat, arrange 2 halves, round sides together, on ungreased cookie sheet.
Bake at 350°F. for 17 to 22 minutes or until golden brown. Reserve 1 tablespoon frosting. Frost warm bats with remaining frosting. Immediately sprinkle each bat with 1 tablespoon candy sprinkles.
With small amount of reserved frosting, attach wafer cookie to each bat for head. Use remaining frosting and candies to decorate faces as desired.