I got my earring posts at hobby lobby and I have a stupid amount of nail polish.
Stick your posts into your spongey thing. I'm using a nail file. If you have floral foam or something else that'll work too.
Kind of heap the polish on top. You want it to look curved almost like a stone.
Use whatever colors you like. I like glittery ones. Now, we wait. These take A WHILE to dry, you probably want to let it go overnight. You have to be patient. DON'T TOUCH!!
After the first coat dries, you can add more if needed. Or you can layer on a different type of glitter.
I've also seen this done with loose glitter and Modge Podge so you really can make these any color you want.
This is a fun easy project and it's inexpensive as long as you use nail polish you already own. Would make good Christmas presents too. Experiment, see what you come up with.