1 12 oz box Crispix cereal
2 cups semi-sweet chocolate chips
1 cup peanut butter (I use Jiff)
5 tbsp. butter
1 tsp. vanilla
1 box (16 oz. or 1 lb.) powdered sugar
Pour out cereal into large bowl and set aside. In 1-qt. saucepan, heat chocolate chips, peanut butter and butter over low heat, stirring frequently until melted. Remove from heat; stir in vanilla. Pour mixture slowly over cereal while stirring with a spatula to evenly coat. Pour into a 2-gallon resealable plastic storage bag or grocery bag. Add powdered sugar slowly. Shake until well coated. Spread onto wax paper to cool. Store in airtight container in refrigerator.
This is a great recipe to give away around the holidays. Everyone loves this stuff!