Recipe source: Modified slightly from Plain Chicken
9 cups (almost a whole box) Corn Chex®, Rice Chex®, Wheat Chex® cereal (or combination)
1 cup semisweet chocolate chips (I used 1/2 chocolate and 1/2 butterscotch with amazing results!)
1/2 cup creamy peanut butter
1/4 cup butter
1 teaspoon pure vanilla
1 1/2 cups powdered sugar
Into large bowl, measure cereal; set aside.
Combine chocolate chips, peanut butter, and peanut butter in a sauce pan. Allow to melt stiring occassionally on medium heat until smooth and combined. Pour over the ceareal and stir until evenly coated. At this point you can either place the cereal into a large zipper bag or into another large bowl. I went with the bowl option.
Add powdered sugar to your bag/bowl. Seal bag; shake until well coated or toss cereal in the large bowl with the powdered sugar. Using a slotted spoon, lift cereal out of the powdered sugar and shake off excess. Spread on a cookie sheet covered with waxed paper to cool. Store in airtight container in refrigerator.
Place in clear bags and wrap with a ribbon for a fun addition to any holiday gift.
Total Cost $2.16
Chocolate Chips $.25 (I love it when chocolate chips are on sale!)
Butterscotch Chips $.25
Powdered Sugar $.50