In a microwave, melt chips; stir until smooth. Dip each pretzel rod halfway into melted chips; allow excess to drip off. Sprinkle coatings with candy stars and colored sugar. Place pretzels on waxed paper; let stand until dry. Store in an airtight container.
Edible glitter is available from Wilton Industries. Call 800-794-5866 or visit wilton.com.