Preheat oven to 350 degrees. Line muffin tin with wrappers, or spray with baking spray. Set aside.
In a medium sized bowl, mix together flour, baking powder, salt, dry milk powder, and pudding mix together. Set aside.
In a large bowl, beat together sugar, oil, and eggs until smooth and fluffy, two to three minutes.
Beat in the vanilla and peppermint schnapps.
Gradually add the dry ingredients and beat just until well combined.
Add green food coloring and mix until thoroughly incorporated.
Fill wrappers or muffin tins to 3/4 full.
Bake in preheated oven for 18 to 21 minutes, or until toothpick comes out clean when inserted into the center of cupcake.
Allow to cool in muffin tins for 5 to 10 minutes. Place on a wire cooling rack and allow to cool completely.
Godiva® Buttercream:
In a large mixing bowl, beat together butter, shortening, and salt on low for about 5 minutes.
Add vanilla and Godiva® liqueur, beat to combine.
Add half of the powdered sugar and the meringue powder, mix together.
Add 1/2 cup of powdered sugar at a time until you reach your desired consistency.
Add a little milk or water, a teaspoon at a time if necessary to thin the frosting. Continue mixing on low for several minutes to create a light and fluffy frosting
Frost cooled cupcakes and top with a cherry and straw.