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Prepare cake mix as directed on package, adding orange extract and food colors. Bake as directed on package for 13x9-inch baking pan. Cool completely on wire rack.
Crumble cake into large bowl. Add marshmallow creme; mix until well blended. Shape into 1-inch balls. Refrigerate 2 hours.
Melt coating wafers or chocolate as directed on package. Using a fork, dip 1 cake ball at a time into the confectionary coating or melted chocolate. Tap back of fork 2 or 3 times against edge of dish to allow excess to drip off. Place cake balls on wax paper-lined tray.
Decorate as desired.