Gumdrop cookie is made from gumdrop that has been chopped into pieces and are a great favorite with children. Gumdrop cookies are often baked for holidays. Gumdrop cookies are also given a dash of food coloring to match the mood of the holidays, like green for St.Patrick's day and multicolored ones for Christmas. Gumdrop cookie often contains vanilla extract, nuts and even incorporate oatmeal in some variations of the recipe.