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Make cupcakes according to directions.
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Let cool.
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Ice the top of the cupcake.
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Place the vanilla wafer on the cupcake.
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Using icing as "glue" on place the red circle in the middle of the vanilla wafer.
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Place 2 eyes just above the vanilla wafer.
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Heat the caramels 2 at a time for 10 seconds.
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Using a rolling pin, roll the caramels out to about 1/8" thick.
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Using a mini leaf cookie cutter, cut out 2 antlers for each reindeer cupcake.
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Place in refrigerator to get antlers to harden.
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Place antlers on each cupcake above eyes.