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The candy that works best for this method are candies that are wrapped in cellophane, with the ends twisted shut. Great examples include Werthers, Jolly Ranchers, and saltwater taffy. You can use just one color or lots of colors. If this is for a graduation ceremony, you could even use the school's colors. You will need one piece of ribbon for each candy.
Get some individually-wrapped candy. Cut lots of 6-inch (15.25-centimeter) long pieces of curling ribbon.