I would be all over this myself, but unfortunately I've aged out. Contestants must be between 4 and 8. Entry deadline is January 20th.
Finalists receive a case of snack cakes. The winner will receive a $5,000 college scholarship and may appear on packaging.
Other Little Debbie items of note ...
... are these illustrations that came up when I did a Google image search.
Here's Little Debbie smoking:
Here she is knocked up:
Here's a fake ad:
And a real ad: