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For the donuts:
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Preheat your Babycakes Donut Maker according to manufacturer's instructions.
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In a large bowl using a hand mixer or stand mixer, beat together oil and sugar. Add eggs and eggnog and mix well. Set aside.
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In a medium sized bowl stir together the flour, baking powder, baking soda, and salt. Slowly add the dry ingredients to the wet ingredients and mix, making sure to have a nice smooth mixture.
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Then add the peppermint chips and mix until all incorporated.
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Use a piping bag, a Ziplock bag with tip cut off, or a pancake pen to fill each donut reservoir with about 2 tablespoons of batter.
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Bake for about 2-3 minutes or until a toothpick inserted in the center of a donut comes out clean.
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Place hot donuts on a cooling rack with a wax paper underneath and prepare the glaze.
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For the glaze:
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In a small bowl whisk together powdered sugar and eggnog until smooth.
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Dip the tops of each donut in the mixture, then place donuts back on the cooling rack until the glaze is dry.
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For the topping:
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Add your sprinkles before the glaze dries to be sure they will stick.
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If you don't have a Baybcakes Donut Maker you can make these in a mini donut pan in the oven. Bake at 425u00b0F for about 2-3 minutes or until a toothpick inserted in the center of a donut comes out clean.