Frost the cupcakes with the tinted frosting and sprinkle with tinted coconut fo r a fuzzy caterpillar. Arrange them in a curving pattern on top of a large cutt ing board or piece of cardboard covered with foil. Snip licorice into short len gths to form antennae and legs. Place round candies for eyes and mouth. If desi red, round candies can be placed on cupcakes for a spotted caterpillar.