I realized that the only place I had this recipe was on a Halloween post, so I thought it deserved a post of its very own!
What you need:
16 oz mini-marshmallows
2-5 T water
2 lbs powdered sugar
½ c shortening (or more! Just keep the shortening out!!)
Put the marshmallows and 2 T of water in a microwave safe bowl. Microwave on high for 30 seconds, stir, microwave for another 30 seconds, stir, continue until it is melted. Dump 3/4 of the powdered sugar into the bowl. Grease your ENTIRE work space with the shortening and then grease your hands with shortening. Dump out the marshmallow/sugar mixture and kneed it like you would bread dough. Slowly add the rest of the powdered sugar and keep kneading. You will know when it is done. It will look like this:
Then coat the ball with shortening, wrap it in plastic wrap, put it in a Ziploc bag (squish all the air out) and put it in the fridge over night. It is messy, but really easy and CHEAP and fun! And your hands are really soft when you are done.
If you want to make colored fondant, add some gel food coloring to the fondant and knead it in. Add more until you get the color that you want. And wear gloves if you don't want your hands to turn colors. This stuff will last a good long time in the fridge if you wrap it up tight enough, so you can make it ahead of time.
This is what I used my very first batch of marshmallow fondant to make:
Super Hot Mama told me about this recipe back when I was planning these cupcakes for The Boy. She found it on Whats Cooking America. It is great stuff! Give it a shot!