Prepare pancake mix, divide batter evenly into two medium-size bowls. Set one bowl aside. Stir red food coloring into second bowl until batter turns deep pink color. When pancakes are finished, place on wire cooling rack for two minutes. Transfer to cutting board. Cut a heart out of the center of each pancake using a two-inch heart-shaped cookie cutter. Place a red mini-pancake heart in the center of each white pancake and a white mini-pancake heart in the center of each red pancake.
Valentine's Day treats-pretzel snaps, white or pink chocolate melting discs, M&Ms-Preheat oven to 350 degrees. Place pretzels right side up on a baking sheet. Place a chocolate disk on each and carefully place in the oven for 2 minutes, just long enough for the chocolate to begin to melt. Pull the tray out of the oven and quickly press one M&M onto the center of each chocolate disk. Put the tray in your garage or fridge to set.