Make cupcakes according to directions.

Let cool.

Ice the top of the cupcake.

Place the vanilla wafer on the cupcake.

Using icing as "glue" on place the red circle in the middle of the vanilla wafer.

Place 2 eyes just above the vanilla wafer.

Heat the caramels 2 at a time for 10 seconds.

Using a rolling pin, roll the caramels out to about 1/8" thick.

Using a mini leaf cookie cutter, cut out 2 antlers for each reindeer cupcake.

Place in refrigerator to get antlers to harden.

Place antlers on each cupcake above eyes.