01 - Line a baking sheet with parchment paper and set aside.
02 - Combine chocolate and coconut oil (if using) in a microwave-safe bowl. Microwave in 30-second intervals, stirring between each, until melted and smooth. Alternatively, melt in a heatproof bowl over a pot of simmering water (double boiler).
03 - Hold each Peep by the base or use a fork to dip into melted chocolate, ensuring complete coverage. Allow excess chocolate to drip off.
04 - Place coated Peeps on prepared baking sheet. Immediately sprinkle with decorations if desired, before chocolate sets.
05 - Refrigerate for at least 20 minutes or until chocolate is completely firm.
06 - Serve chilled or at room temperature. Store in an airtight container.