After your cake layers have cooled, level off the top of each cake layer.
Fill a piping bag with frosting and a plain circular tip. You can also just cut the tip off of a piping bag and use no piping tip if you prefer.
Place a smidge of frosting on a cake board, and place 1 cake round on top of that frosting.
Outline your cake round in frosting, and then fill it in with more frosting. Smooth it flat with an offset spatula.
Place your second cake round on top of the bottom one. Repeat the process of outlining the cake round in frosting, filling in with more frosting and smoothing flat. Place your last cake round on top and put frosting on that in the same way.
Chill your cake in the fridge for at least an hour to let this crumb coat set. Or, if you're in a hurry, you can put it in the freezer for about 30 minutes.
Make your second batch of frosting while your cake chills.
Add your final layer of frosting with your second batch.
Add any decorations you wish. You can sprinkle the outside with some extra Fruity Pebbles cereal, or add buttercream swirls of frosting around the edges of your cake.