16 ounces white mini marshmallows (use a good quality brand)
2 to 5 tablespoons water
2 pounds powdered sugar
½ cup Crisco shortening (you will be digging into it so place in a very easily accessed bowl)
**NOTE: Please be careful, this first stage can get hot.
Melt marshmallows and 2 tablespoons of water in a microwave or double boiler: Put the bowl in the microwave for 30 seconds, open microwave and stir, back in microwave for 30 seconds more, open microwave and stir again, and continue doing this until melted. It usually takes about 2 ½ minutes total. Place 3/4 of the powdered sugar on the top of the melted marshmallow mix.
Traci's note: Another recipe I read had exactly the same ingredients, but that lady liked to stir the powered sugar in as much as possible in the bowl before kneading it out. I kind of tried it that way, but a lot of the powdered sugar stuck to the bowl, but it generally worked. Anyway, just thought I'd throw that in.
Now grease your hands GENEROUSLY - palms, backs and in between fingers, then heavily grease the counter you will be using and dump the bowl of marshmallow/sugar mixture in the middle. Start kneading like you would bread dough. You will immediately see why you have greased your hands. Keep kneading, this stuff is sticky at this stage! Add the rest of the powdered sugar and knead some more. Re-grease your hands and counter when the fondant is sticking. If the mix is tearing easily, it is to dry, so add water (about ½ tablespoon at a time then knead it in). It usually takes me about 8 minutes to get a firm smooth elastic ball so that it will stretch without tearing when you apply it to the cake. Its best if you can let it sit, double wrapped, overnight (but you can use it right away if there are no tiny bits of dry powdered sugar). If you do see them, you will need to knead and maybe add a few more drops of water. Prepare the fondant for storing by coating it with a good layer of Crisco shortening, wrap in a plastic- type wrap product and then put it in a re-sealable or Ziploc bag. Squeeze out as much air as possible. Marshmallow Fondant will hold very well in the refrigerator for weeks. If I know that I have a cake to decorate, I usually make 2 batches on a free night during the week so it is ready when I need it. Take advantage of the fact that this fondant can be prepared well in advance.
P.S. Another note from Traci: I also dyed some of the fondant for the turrets and for the flowers. That was actually really easy to do. You just put a few drops of food coloring in the fondant and work it through by kneading it like bread. If you have gloves, you may want to wear them, but I didn't have any so I was just really careful to put the dye in the middle of the ball of fondant and not to touch the pure dye.