Preheat oven to 200°F
Unwrap each Rollo and place in a small bowl.
Pick out the red colored M&M's and place in small bowl
Place pretzels on a baking sheet lined with a silicone mat, parchment or foil.
Place a Rolo in the center of the pretzels and bake for a 2-3 minutes or until the rolo is softened. Don't leave them in too long or they will melt fully. (If you do this, don't worry they still taste amazing. They just won't look like a cute reindeer.
Remove pan from the oven and add the red M&M's on top of each Rolo making the reineer nose. Gently press down.
Allow to cool completely before serving.
Tip: If you want themm to cool faster, place pan in refrigrator.