In a medium-sized saucepan, melt 1/3 cup of butter with 10 ounces of marshmallows. While the butter and marshmallows are melting together, add in 6 to 8 drops of green food coloring.
Once the butter and marshmallows have melted together, gently stir in 6 cups of corn flakes coating the corn flakes with the marshmallow mixture. Take a 1/4 cup measuring cup and spray with a non-stick spray.
Use the measuring cup to scoop corn flake mixture out onto waxed paper. Spray fingers with non-stick spray and quickly shape the corn flakes into a holiday wreath. Immediately add 3 or 4 Red Hots over the wreath. Quickly work with the remaining corn flake mixture making wreaths as quickly as possible.