Stir in peppermint extract. Carefully fold in popcorn until evenly coated. 3 To make penguin, shape popcorn mixture, using well-buttered hands, into a log about 9 inches long and 4 inches in diameter. Shape so one end is narrower, the middle is wider and the other end shaped to a point. Curve the pointed end to make a tail.
Shape popcorn to make feet and beak.
Press popcorn mixture firmly onto candy canes. 4 Brush vanilla coating over penguin, coating completely. Refrigerate just until coating is set. Brush on chocolate coating for penguin's coat. Place marshmallows in 4-quart microwavable bowl or casserole.