Melt some of the white candy melts according to the package.
Dip the body of the Peeps up to the neck in the white candy melts to create the shirt. Allow to dry before moving on.
Melt your suit color candy melts according to the package.
Dip the body of the Peeps to create a "V" in the front so it appears to be a suit jacket.
With the left over colored candy melt, place it in a zip lock bag and cut a very small hole in one corner. Use this to add the buttons and a bow tie to the shirts.