Melt the caramel bits according to the package directions and allow them to cool slightly. Dip the marshmallows into the caramel, being sure to coat them completely, gently shaking any excess off. Place the marshmallow sticks on the parchment to allow the caramel to harden, about 15 minutes.
Melt the orange candy melts according to the package directions. You want the candy to be just melted and not too hot. Dip each marshmallow stick into the candy melts covering the caramel completely. Gently shake off any excess. Transfer the marshmallow sticks to the parchment paper to harden.
In a small bowl, combine the chocolate chips and coconut oil. Microwave in 15-second increments, stirring at the end of each time, just until melted. Use a spoon or food-grade squeeze bottle and drizzle the melted chocolate over the Tigger Tails.
Allow the chocolate to cool and harden completely before serving.
Notes
I found it easiest to place the caramel and melted candy coating in a wide-mouthed quart-size mason jar or similar size glass. You can easily hold the stick and tilt the jar and rotate the stick as necessary to coat the marshmallows.
You can speed up the hardening/cooling process by placing the Tigger Tails in the refrigerator.
For sparkly Tigger Tails, after dipping them into the orange candy melts, quickly sprinkle them with orange sanding sugar before proceeding with the recipe.
Store your treats in an airtight container with wax paper or parchment paper between the layers in the refrigerator for up to 5 days.