Step 1

In a large bowl, combine the pretzels, granulated sugar, and butter. Evenly press the mixture into an ungreased 13×9″ baking dish. Bake at 350°F for 10 minutes, then let cool for 10 minutes.

Step 2

Meanwhile, in a separate large bowl, beat together the cream cheese, confectioners’ sugar, and peanut butter until smooth. Fold in half of the whipped topping until well-combined, and gently spread it over the pretzel crust.

Step 3

In a large bowl, combine the cold milk and pudding mixes, and whisk until no large clumps remain, about 3 minutes. Let sit for 5 minutes to thicken. Gently spread the pudding over the peanut butter layer. Top the pudding layer with the remaining whipped topping.

Step 4

Press whole pretzels into the top of the whipped topping. Microwave a few tablespoons of additional peanut butter and drizzle over top. Sprinkle with chocolate chips and peanuts, then cover and refrigerate for at least 4 hours before serving.