Preheat oven to 350. Grease or line an 8x8 baking pan.

In a large bowl, combine cake mix, oil, egg, emulsion, and milk. Fold in the sprinkles and Baking chips. Pour batter into the prepared pan, and top with additional sprinkles if desired.

Bake until edges are just turning brown, approximately 25 minutes. The center will appear underdone, but will set up as it cools. Allow to cool completely before cutting.