In the past I have created bath bombs to look like cupcakes. But I found this interested article by HLBerry from ehow on How to Create a Wax Bath Bead Cupcakes. These would make adorable gifts for a friend who is having a special birthday or another special occasion. Or maybe you can make them for your child's teacher for the end of the year. Theee would not be thrown out because they are too unique.
The author gives a really great tip if you want to give your cupcakes away as gifts. She suggests consider packaging them in a baker's box with a pretty ribbon on top. You probably can find them online or possibly ask your local bakery if you can purchase some from them.