Place the chocolate (one colour at a time) in a microwave-safe bowl. Microwave on high for 1 minute each. Remove and stir with a spatula. The wafers should melt a little more as you stir. If they are not fully melted, place them back in the microwave for another 15 seconds until melted. Repeat with each chocolate colour.
Dip one pretzel rod into the chocolate to coat. You can use a knife or spoon to spread the chocolate higher if needed. Let the excess chocolate drip off the end of the pretzel rod.
Place the chocolate covered pretzel rod over some wax paper (or plate) and shake your sprinkles or decoration all around. Add as much or as little as you’d like. Place the finished pretzel rod on wax paper and allow to dry completely, about 6 hrs.
Substitute the sprinkles and red, white and green chocolate wafers for other colours to use the recipe all year round!