You can use either red and white icing or use a combination of cake decorations and icing for a delicious and enticing treat. How about mixing a little peppermint flavoring in the icing, for example? For the stripes, you could also cover the cake in white icing and then make the stripes out of glittery red cake decorations for a nice touch or maybe use some crushed peppermint candy, which is always a favorite.  Be creative and have fun!

Candy Cane Cake Pans on Ebay:

Vtg Wilton CHRISTMAS NOEL CANDLE Cake Pan Mold Candy Cane Clown Gift    US $14.95

NEW Wilton CANDY CANE Non Stick Singles Cake Pan 1213    US $3.99

Wilton GIANT CANDY CANE cake pan CHRISTMAS bake mold tin INSERT jello bread    US $29.98

WILTON CANDY CANE CAKE PAN CHRISTMAS MOLD INSTRUCTION COPY    US $28.95

Gingerbread Man Candy Cane Cake Pan 11 1 2 L 11 W    US $14.99

Christmas Cake Pans on Amazon:

HOCKEY STICK & PUCK; STICK, Sports Candy Mold Chocolate Sale Price: $2.29   Eligible for free shipping! Availability: Usually ships in 1-2 business days

12 Cavity Bite-Size Gingerbread Man & Candy Cane Silicone Candy and Chocolate Mold Pan Cavities 2/5" deep: Men 1 3/4" x 1 1/2", Canes 1 1/2" x 3/4" Sale Price: $6.98   Eligible for free shipping! Availability: Usually ships in 1-2 business days

CK Products Micro Size Pantastic Plastic Cake Pan, Candy Cane Sale Price: $5.95   Eligible for free shipping! Availability: Usually ships in 1-2 business days

Wilton Candy Cane Holiday Christmas Cake Pan (2105-2056, 2001) Retired Sale Price: $34.99   Eligible for free shipping! Availability: Usually ships in 1-2 business days

Here are some Santa Claus cake pans currently on Ebay:

SANTA BEAR Fondant Decorating Kit Cake Pan Build A Bear Workshop NEW NIB    US $24.99

Wilton JOLLY SANTA 1987 Cake Pan    US $7.99

Wilton Christmas Santa Faces Cake Pan Cupcake Mold 1983    US $15.00

3 Wilton Cake Pans Retired Blues Clues Old World Santa Clown    US $9.99

NEW Wilton SMILING SANTA Cake Pan Complete    US $12.99

VINTAGE NORDIC WARE 3 D STAND UP SANTA CAKE PAN 2 PCS    US $16.20

2 Santa Cake Pans    US $4.75

Wilton SANTA MINICAKE Cake Pan GUC    US $7.99

WILTON SANTA TEDDY BEAR CHRISTMAS CAKE PAN 2105 4432    US $9.99

Vintage 2 Santa Claus Aluminum Cake pans New in Package Christmas Collectible    US $.99

Holiday SPRINGFORM PAN 8pc SET NON STICK Cake New VALENTINE Birthday GIFTS Santa    US $8.99

Wilton JOLLY SANTA cake pan Christmas HAPPY FACE mold    US $18.95

Here are the Christmas cake pans currently on Ebay:

WILTON X MAS TREE CAKE MOLD PAN lot of 2    US $17.00

Wilton CHRISTMAS HOLIDAY TREE CAKE PAN Candy Xmas Party    US $10.99

CHRISTMAS TREE CAKE PAN WILTON 1986 2105 9410    US $12.99

SNOWFLAKE cake pan CHRISTMAS NON STICK mold Holiday NEW    US $9.95

1990 Wilton Cake Pan Christmas Trees Woodridge Illinois Tin Pan    US $9.99

Christmas Pan Lot Silicone Kitchenaid Cupcake Tree Cake Wilton Cookie Shapes    US $5.99

WILTON 502 3347 RUDOLPH Red Nose cake pan Christmas    US $13.11

TWO WILTON MicroBake Christmas Tree Wreath Cake or Jello Microwave Baking Pans    US $12.95

NEW Wilton CHRISTMAS TREE MINICAKE Cake Pan    US $12.99

CLEARANCE CHRISTMAS TREE Cake Pan    US $2.99

Wilton Christmas Tree Cake Pan Mold 1972 VINTAGE EUC    US $15.00

Wilton Christmas Santa Faces Cake Pan Cupcake Mold 1983    US $15.00