1In large bowl, stir cookie mix, butter, flour and egg until dough forms. Shape dough into ball; flatten slightly. Wrap in plastic wrap; refrigerate 1 hour.
2Heat oven to 375°F. Unwrap dough; on floured surface, roll dough to 1/4-inch thickness. Cut with floured 3-inch present-shaped cookie cutter. On ungreased cookie sheets, place cutouts 2 inches apart. Bake 9 to 11 minutes or until lightly browned. Cool 2 minutes; remove from cookie sheets to cooling racks. Cool completely, about 30 minutes.
3In small bowl, mix frosting and food colors until well blended. Frost cookies. Cut and shape fruit snacks to look like ribbons and bows; place on cookies. Sprinkle with nonpareils. Let stand until set.