Step 1

Toss the Chex cereal, bugle chips, pretzels and peanuts together in a large bowl.

Step 2

Place the chocolate in a medium, microwave safe bowl and microwave for 1-2 minutes, pausing every 20 seconds to stir until the chocolate is fully melted and runny.

Step 3

Pour in half of the chocolate and gently toss to combine then toss in the remaining chocolate.

Step 4

Toss in 2 ½ cups of the powdered sugar then toss in more if needed.

Step 5

Finally, mix in the M&Ms and toss the Chex mix out onto a large baking pan to cool for 30 minutes then serve.