Using a large circle cutter (I used the largest one from this nesting circle cutter set), cut the Sandwich Thin into a circle shape.

Split the Sandwich Thin in half, then take a smaller circle cutter and cut a circle from the top piece to form the penguin's tummy. Flip the small circle of Sandwich Thin over so that the white side faces up.

Butter the Sandwich Thin, then take the larger circle cutter and cut a slice of cheddar cheese to the same shape as the sandwich and use it to fill the Sandwich Thin. You can pop any of the leftover scraps of cheese inside the sandwich too, to avoid wasting them.

Take your orange pepper slice and cut out a small triangle of pepper to form the penguin's beak. Add it to the Sandwich Thin penguin along with the two edible candy eyes to finish.