Line a large baking sheet with parchment paper or a silicone mat. This is crucial or you'll be scraping chocolate off your pan later!
Place candy canes in a zip-top bag and crush them with a rolling pin until you have small pieces (let the kids do this part - they love it!).
Melt white chocolate chips with coconut oil in a microwave-safe bowl in 30-second intervals, stirring between each, until smooth and completely melted.
Pour the melted chocolate into a tall glass or mug (this makes dipping so much easier!).
Dip each pretzel rod about 2/3 of the way into the white chocolate, letting excess drip off.
Immediately sprinkle crushed candy canes over the chocolate, rotating the pretzel to coat all sides.
Place on prepared baking sheet and repeat with remaining pretzels.
Let pretzels set at room temperature for 30 minutes, or pop them in the fridge for 15 minutes if you're in a hurry.