01 -
Warm peanut butter together with butter in the microwave, using short 30-second bursts.
02 -
Mix in the chocolate little by little, stirring until everything blends nicely.
03 -
When melted, toss in the vanilla and stir it all together.
04 -
Take half the cereal, toss it in a big bowl, and then pour in half the chocolate mixture.
05 -
Put two paper bags inside one another, and drop in 1/2 cup powdered sugar.
06 -
Place cereal coated in chocolate into the bags and give it a good shake to cover it evenly.
07 -
If needed, sprinkle in more powdered sugar to make sure everything's coated.
08 -
Stir in about 1/4 of the M&Ms and transfer everything to a storage container.
09 -
Do it all over again with the rest of the stuff.
10 -
Pop it into an airtight box or stick it in the freezer for safekeeping.