9 cups Rice Chex cereal
1 1/4 cup semi sweet chocolate chips
1/2 cup peanut butter
1/4 cup butter
1 teaspoon vanilla
2 cups powdered sugar
Measure out the cereal in a large bowl. Set aside. Place the chocolate chips, peanut butter, and butter in a microwavable bowl. Microwave for one minute. Stir. If it isn't completely melted, place back in for 30 seconds.
Add the vanilla.
Dump the chocolate over the cereal and stir until completely covered.
Place half of the cereal in a gallon ziploc bag. Place the other half in a different ziploc bag. Dump about 1 cup of powdered sugar in each bag. Shake until coated.