Preheat oven to 325F. Cover baking sheet with parchment paper or foil.
Cut a 1-1/2-inch piece of straw; set aside to make hole in ornament. Unwrap and arrange candies on parchment paper in circular shape, leaving at least a 1-1/2-inch opening in the center.
Bake 3 to 6 min. or until candies are melted.
Remove from oven. Make a hole, about 1/2 inch from the top, by pressing drinking straw into ornament, leaving in place until candy is cooled.
Cool completely before removing ornament from paper. Gently remove straw. Thread a 6- to 8-inch piece of shoestring licorice into the hole to hang the ornament.
