Drain liquid from the cherry jar. (You can save this for cocktails or Shirley temples.)
Fill the cherry jar to the top with cake flavored vodka. Screw the lid back on and let it soak for 8 - 24 hours. The longer you soak, the more potent the cherries will be in both taste and alcohol. (We prefer ours around the 8-hour mark.)
Once the cherries have soaked for the desired length, drain the cherries, then place on a paper towel lined baking sheet and gently pat dry with more paper towels. (This is important! If the cherries are wet the chocolate in the next step will seize up.)
Place your white chocolate melts in a microwave safe bowl, then microwave for 30-second increments, stirring in between, until chocolate is melted and smooth.
Dip each cherry in the chocolate and then in the sprinkles. Set on a parchment paper lined baking sheet and place in the refrigerator to allow chocolate to set.
Serve immediately or store in the refrigerator for up to 48 hours.