Gingerbread Buddies

"These cookies were ideal for a winter get-together I hosted. I like to share these crunchy treats on the way home from cutting our fresh Christmas tree.—Shelly Rynearson, Oconomowoc, Wisconsin..."

INGREDIENTS
1 cup butter, softened
1 cup sugar
1 cup molasses
1/4 cup water
5 cups all-purpose flour
2-1/2 teaspoons ground ginger
1-1/2 teaspoons baking soda
1-1/2 teaspoons ground cinnamon
1/2 teaspoon ground allspice
1/4 teaspoon salt
Cinnamon bear-shaped crackers
Cinnamon Chex
Frosted bite-sized shredded wheat cereal
FROSTING:
1-1/4 cups confectioners' sugar
5 teaspoons water
1 teaspoon light corn syrup
1/4 teaspoon vanilla extract
Paste food coloring
Assorted candies
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