Line a baking sheet with parchment paper, set aside. Preheat your oven to 275 degrees Fahrenheit.

Place the 20 pretzels onto the parchment paper, and set a Rolo candy into the center of each one.

Take the additional pretzels, and break them apart to make 40 antlers. There are several ways you can do this, just find an antler shape that you like, and break enough remaining pretzels for all of the reindeer to have antlers.

Bake the Rolo topped pretzels for 3 minutes. The candy will soften.

Remove from the oven, and press a red M&M into the lower part of the pretzel to make the reindeer nose.

Add two antlers to the reindeer, pressing one end of the antler pretzel into the tops of the melted Rolo candies.

Add two candy eyeballs to each reindeer.

Be sure to work quickly before the candy cools.

Chill the pretzels in the refrigerator for about 1 hour, until the candy has time to set.