In one bowl of your stand mixer, combine 2 cups of powdered sugar, 1 teaspoon of vanilla, and 2 tablespoons of meringue powder.
Add about ¼ cup of water, then mix using the paddle attachment for 2–3 minutes until everything is smooth and fully combined.
In a separate bowl, mix the remaining 2 cups of powdered sugar with 1 teaspoon of vanilla, 2 tablespoons of corn syrup, and about ¼ cup of water.
Once both parts are ready, combine them in one bowl and mix with the whisk attachment until smooth.
Scrape down the sides a few times to make sure everything is blended well. If the icing feels too thick, add water a tablespoon at a time until you reach your desired consistency.
Add a few drops of green food coloring and mix again until evenly tinted, scraping the sides and bottom one last time.
Transfer the icing to a piping bag and, when you're ready to decorate, snip a small opening at the tip.
Pipe a border around each cookie, then fill in the center. Use a toothpick to gently spread the icing if needed.
Let the cookies sit for 12 to 26 hours so the icing can fully set and harden before decorating with chalk.