LINE tray with wax paper. Press one wooden pick into each marshmallow. Place graham cracker crumbs in small, shallow bowl.
MICROWAVE morsels in medium, uncovered, microwave-safe bowl on HIGH (100%) power for 45 seconds; STIR. The morsels may retain some of their original shape. If necessary, microwave at additional 10-second intervals, stirring just until morsels are melted.
DIP marshmallows into melted chocolate using wooden picks; roll marshmallows to cover completely with chocolate. Dip into graham cracker crumbs, rolling to cover. Transfer to prepared tray.
FREEZE for 20 minutes or until chocolate is set. Enjoy immediately or transfer to airtight container and store in freezer for up to 1 week. Be sure to allow marshmallows to sit at room temperature for a couple minutes prior to eating.
NOTE: Since wooden picks have a sharp tip, please use caution with kids. This recipe is not intended for kids under age four.