Place candy corn and peanut butter in a microwave-safe bowl, and heat in the microwave in 30-second intervals, stirring well until it is fully melted and combined.
Roll the mixture into balls and set onto a plate. Freeze for at least 20 minutes. Place chocolate chips in a microwave-safe bowl, and heat in the microwave in 30-second intervals, stirring well until it is fully melted and smooth.
Stir in the food coloring. Coat each butterfinger bite in the chocolate and set onto a plate. Decorate with sprinkles and let sit until set.