Step 1

Measure cereal and place in a very large mixing bowl. Set aside.

Step 2

Over medium heat, melt and combine butter, chocolate chips and peanut butter, stirring constantly.

Step 3

When fully melted, stir in vanilla.

Step 4

Pour chocolate mixture over Chex cereal in 3 stages, folding as you go.

Step 5

Toss gently to coat all pieces.

Step 6

Place powdered sugar and festive sprinkles in a large, airtight plastic bag, shake to combine.

Step 7

Add Chex cereal in stages, tossing to cover and then removing to a wax paper lined rimmed baking sheet.

Step 8

Spread in a single layer and chill for an hour to set.

Step 9

Remove. Keep at room temperture or chilled.

Step 10

If you've tried this recipe, come back and let us know how it was!