Line cookie sheets with waxed paper. Place 1/4 of candy coating in small microwavable bowl. Microwave on High 30 seconds. Stir; continue to microwave in 15-second increments until coating can be stirred smooth.
Dip each side of 8 cookies into candy coating to coat; place on cookie sheets. Add chocolate chips for eyes.
Repeat with remaining candy coating and cookies. Decorate as desired with assorted candies. Let cookies stand at room temperature for 30 minutes or until coating is set.