- 1 (17.5 ounce) package crispy rice cereal squares
- 1/2 cup butter
- 2 cups semisweet chocolate chips
- 3/4 cup peanut butter
- 4 cups confectioners' sugar
- Pour cereal into a medium paper bag. In a medium saucepan over medium heat, melt butter with chocolate chips and peanut butter, stirring until smooth. Pour chocolate mixture into bag with cereal, seal and shake well. Pour in confectioners' sugar and shake well again. Store in an air tight container.