Melt candy melt wafers in glass bowl in microwave by running for 20-30 seconds, stirring well, and repeating until melted (should only take 2-3 times total).
Drizzle candy melts over popcorn while popcorn is still hot, and sprinkle on sprinkles. You want to do this while the popcorn and candy melts are still warm so the sprinkles will stick to the candy melt and not end up in the bottom of the bowl.
Stir well, and serve!
You can use a powder mix lemonade, or a pre-bought kind, or make your own. Serve in fancy cups to make it even more fun!