Place a cardboard cake round on a cake turntable. Spread on a little bit of buttercream in the center of the round and spread it out with an angled icing spatula. Place down the first chilled cake layer in the center (crust side up). Add on an even layer of buttercream; spread it thin with an angled icing spatula. Add on the next cake layer and repeat.
Crumb coat the cake, freeze for 2 minutes, then add on a final coat of white buttercream. Use the stripe cake comb to create clean indents (I have several tutorials for this on my Instagram page).
Freeze the cake for about 15 minutes. While the cake is in the freezer, tint the remaining buttercream with red gel coloring (the color will intensify with time, so you don't need to go overboard on the coloring). Add the red buttercream to a piping bag without a tip and pipe in the thin stripes.
Working quickly, smooth out the red buttercream until the clean stripes start to form (it takes time, so have patience and watch those stripes slowly start to appear while applying a little pressure).
Add on a little crushed peppermint along the bottom outside of the cake, then pipe (with the Wilton 1M piping tip) swirls on top. Top it all off with a few white chocolate peppermint pretzels and a little sprinkle of crushed peppermint.