This frosting is the traditional coating for such baked goods as petits fours. It can be tinted any color you like, and makes a lovely, slightly sheer glaze over a cake or cupcakes. You work with it warm, and pour it over whatever you're planing to frost. The excess can be remelted and strained of crumbs to use again, or poured into molds to make candies.
See step-by-step photos and detailed directions for this recipe at our Flourish blog.
1 cup (5 ounces) white confectionery coating or white chocolate chips
4 cups (1 pound) confectioner's sugar or glazing sugar
1/4 cup (2 3/4 ounces) light corn syrup
1/4 cup (2 ounces) hot water
1 teaspoon vanilla extract
food coloring
In a saucepan set over low heat, or in the microwave, melt the white coating or chocolate, stirring until smooth. Sift the confectioners' or glazing sugar into a large bowl, and add the corn syrup and hot water, stirring till smooth. If you're using a mixer, set it on low speed so the icing doesn't become too aerated.

Add the melted coating to the sugar mixture, then add the vanilla and the coloring (if you're using it). If the mixture is too thick to pour, reheat it briefly over low heat, and stir in 1 to 3 tablespoons additional water. The mixture is easiest to work with, and pours smoothly, at about 100F.

To make candies from leftover fondant, pour it by the teaspoonful onto parchment-lined or lightly greased baking sheets, or into lightly greased candy molds. Allow to dry overnight, then store, cool and dry for 1 week. Yield: 3 to 3 1/2 cups.