Heat oven to 350°F. Press 1 caramel into center of each cookie dough round, and shape into a ball to cover caramel completely. On ungreased cookie sheet, place balls 2 inches apart.
Bake 9 to 12 minutes or until lightly browned on edges and set. Immediately insert chocolate wafer halves into cookie at an angle for bat wings. Press gumdrops and red candies on cookie for eyes as shown.
Remove from cookie sheet to cooling rack.