Lay out parchment paper or a wire rack for the pretzels to cool on.
Have a plate ready to dip the pretzels in. If you prefer, you can sprinkle each pretzel instead once dipped.
In a microwave safe container, melt 1/2 of the wafers with the vegetable oil, stirring every 30 seconds.
Take the pretzel and dip into the chocolate to coat all but 1 inch of the end. If needed, you can take a spoon and twirl the pretzel in the chocolate to cover it.
Dip into the sprinkles on the place, coating evenly.
Place on the parchment paper to cool (you could sprinkle with sprinkles here instead if you don't want to dip in a plate of sprinkles)