Heat oven to 350°F.
Separate dough into 8 biscuits. Place biscuits on cutting board; cut 1-inch round from center of each biscuit. Cut 1/8- to 1/4-inch hole in center of each round. Place donuts and donut holes on ungreased cookie sheet. Bake about 10 minutes or until just starting to brown. Cool.
Meanwhile, in small bowl, mix frosting ingredients. Dip tops of donuts into frosting; top with sprinkles. Place on cooking parchment paper or waxed paper to dry. Place 2 donuts and 2 donut holes on each of 4 wooden skewers.
In blender, place coffee, 1 cup milk, the crème de cacao, coffee liquor, vodka, chocolate syrup and ice. Cover; blend on high speed until frothy. Pour into 4 glasses; top each with whipped cream and miniature chocolate chips. Serve with donut skewers.