My daughter made this in preschool and has been ever in love with it since.
This is made from puffy paint, which is simply equal parts shaving cream and white glue. You mix the two together and then paint with it, or glob it to make a nice snowman.
She also used pieces of construction paper to create the eyes, noses, mouth, hat, and arms. Lay flat to dry. Once it is dry, you can touch it and feel is puffiness! Now she just wants it to have feet so it can walk around like Frosty :)