This is one of my kids favorite snacks (okay mine too if I have to admit it) and it is so fast and easy.
9 c. Rice Chex cereal
1 c. semi-sweet chocolate chips
1/2 c. peanut butter
1/4 c. butter
1 t. vanilla
1 1/2 c. powdered sugar.
* Put cereal in a large bowl. In a medium, microwaveable bowl melt chocolate chips, peanut butter and butter until smooth, about 1 1/2 minutes, stirring every 30 seconds. Add vanilla and mix well. Pour over cereal and stir until well coated. Add powdered sugar and stir again until well coated. Eat and enjoy!