Mix sugar, dark chocolate baking cocoa, powdered milk, and salt in a medium bowl until combined.
Pour ½ cup cocoa mixture into the clear ball ornament using a funnel.
Pour ¼ cup dark chocolate chips into the ornament.
Pour ¼ cup salted caramel chips into the ornament.
Fill remainder of space in the ornament with miniature marshmallows.
Top with one tablespoon of red decorating sugar.
Attach top onto the ornament.
Print gift tags and cut out each tag.
Cut a piece of patterned cardstock slightly larger than the gift tag and glue the gift tag on top
Punch a hole in the corner of the gift tag.
Attach a tag to the top of the ornament using twine.
Note: Each ornament contains approximately four servings.