Remove 42 chocolate wafers from the Ghirardelli bags and place onto a cutting board.
Using a microwave safe bowl, melt 1 cup of the chocolate wafers in increments of 30 seconds, mixing after each time until melted and smooth
Scoop into the piping bag and set aside
Place one unwrapped Reese peanut butter cup onto the cutting board
Cut the tip off the piping bag and pipe a small dollop of chocolate onto the lower center of the peanut butter cup
Place a pink wafer onto the chocolate dollop. This is the mouth and nose of the bear
Pipe two dollops of chocolate above the pink wafer for the eyes
Place two eyes onto the two chocolate dollops
Pipe a small dollop of chocolate onto the "M" side of the "M&M" and then place onto the center of the pink wafer
Using the small round fondant cut out a half shaped moon out of the bottom of the chocolate wafers.
Pipe a line of chocolate onto the cut part of the chocolate wafer
Place the chocolate wafer onto the upper left and right corner of the peanut butter cup for the ears
Repeat steps with remaining Reese cups
Allow to dry for 10 minutes
While the bears are drying, pipe frosting onto the cooled cupcakes
Once the 10 minutes is up, carefully place the bears onto the middle of the frosting and lightly push down into the frosting.