01 -
Melt peanut butter and butter in microwave using 30-second intervals.
02 -
Gradually add chocolate to melted mixture until smooth.
03 -
Stir in vanilla extract once everything is melted.
04 -
Pour half the cereal into large bowl and add half chocolate mixture.
05 -
Place double paper bags inside each other with 1/2 cup powdered sugar.
06 -
Add coated cereal to bags and shake vigorously to coat.
07 -
Add more powdered sugar as needed for complete coating.
08 -
Mix in 1/4 of M&Ms and transfer to container.
09 -
Repeat process with remaining ingredients.
10 -
Store in airtight container or freeze.