Make party hats. Tint 1 oz. fondant each red, yellow and blue. Roll 1/2 in. ball and shape into cone. Roll out blue and yellow 1/16 in. thick for trims. Cut dots with narrow end of tip 5. Attach to hat with damp brush. For pompom, cut 1/2 x 1 in. long strip; cut 1/8 in. wide slits, leaving about 1/8 in. edge uncut. Roll up strip, pinch at bottom and separate to form pompom. Attach with damp brush, trimming bottom as needed.
Bake and cool cupcakes. Ice smooth. Position topper. Attach confetti sprinkles around topper.
* Combine Lemon Yellow with Golden Yellow for yellow shown.