Melt Vanilla Candy Melts in a microwave safe bowl on 50% power in 30 second intervals, stirring after each interval until melted and smooth. Drizzle half of melted candy melts over popcorn mixture, then stir, tossing gently a few times with a rubber spatula. 

Drizzle remaining half of melted chips over popcorn, and gently stir mixture until evenly coated (don't over stir though or your sprinkles wont stick if the white chips begin to set and harden). 

Pour mixture into a single layer onto wax paper. Sprinkle the entire mixture evenly with sprinkles and M&Ms (as many as you'd like) before the candy melts cool and set. 

Allow to cool and harden, then gently break into pieces and enjoy!