These take some time to prepare, but they are worth it!
You can make a non-alcoholic version by not soaking the cherries in brandy first. They are still delicious!

50 maraschino cherries, well drained
3/4 cup brandy
3 T butter
3 T light corn syrup
1/4 tsp salt
2 cups sifted powdered sugar
1 1/2 lbs dipping chocolate, white or dark

Pour brandy over drained cherries; let set for two days. Combine butter, corn syrup and salt; blend until smooth. Add powdered sugar and mix well. Knead until smooth and shiny; wrap in waxed paper and chill for 30 minutes. While chilling, drain cherries well on paper towels; pat dry. Shape a marble-sized piece of fondant around each cherry; place on waxed paper lined tray. Chill until firm; about 2 hours. Melt chocolate over hot water, stirring constantly. Dip cherries and place on wax paper lined tray. Place in refrigerator to set. Store in covered container in a cool dark place 10-14 days to fully ripen.