1 cup semisweet or dark chocolate chips
1 cup creamy peanut butter
6-7 cups rice chex cereal
1-2 cups powdered sugar
Melt your peanut butter and chocolate together, either on the stovetop or in the microwave (be careful not to burn or scold the chocolate).
Add 3 cups of cereal to a large bowl. Pour 1 cup of your peanut butter/ chocolate mixture over the cereal.
Add 3 more cups of cereal to the bowl and then pour the rest of the chocolate/ peanut butter on top.
Stir until the cereal is evenly coated. If there are cools of chocolate/ peanut butter at the bottom of the bowl, add more cereal, 1/4 cup at a time until all the deliciousness is coating your cereal (remember, we want clumps so do not add too much cereal).
Let the mixture cool slightly (put it in the refrigerator for a few minutes). You do not want it to harden. Once your mixture is at or below room temperature, add 1 cup of powdered sugar. Mix until combined. Let it cool for about 15 minutes.
Add more powdered sugar, 1/4 cup at a time, until your cereal is coated to your satisfaction. Store in an airtight container at room temperature. Enjoy!