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DECORATE each marshmallow with jelly bean and decorating gel to resemble eyeball. Reserve 1/4 cup of chopped cookies for garnish.
PLACE prepared orange drink, ice cream and remaining chopped cookies in blender container; cover. Blend 30 seconds to 1 minute or until well blended. Pour into large pitcher; stir in carbonated beverage.
POUR immediately into 4 tall glasses; top each with 1 Tbsp. of the whipped topping, 1 marshmallow eyeball and 1 Tbsp. of the reserved chopped cookies.