PREHEAT oven to 350° F. Place 16 popsicle sticks on two ungreased baking sheets (8 on each), place sticks about 3 inches apart. Cut each square of cookie dough in half for a total of 48 pieces. Roll each into ball. Center 3 balls on each popsicle stick, spacing 1/4 inch apart, leaving space at the bottom for a handle.
BAKE for 10 to 12 minutes or until light golden brown. Let stand for 2 minutes; remove to wire racks to cool completely.
FROST center of each light with frosting, leaving a border of cookie. To make lights, pinch off small pieces of Laffy Taffy and gently stretch and form flat 1/2-inch circles. Place on frosting. Store in tightly covered containers.
NOTE: WONKA® SPREE® Candies (red, yellow and green) can be used in place of the WONKA®LAFFY TAFFY® Candies.