Step 1

In a medium bowl, mix together the powdered sugar and cocoa powder. Set aside.

Step 2

Melt peanut butter and chocolate together. On the stovetop stir over low heat or a double boiler until mixture is smooth. In the microwave; warm on high for 60 seconds and stir. Then warm for increments of 30 seconds, stirring after each, until mixture is melted and homogenous.

Step 3

Add 3 cups of cereal to a large bowl. Pour 1 cup of the chocolate/peanut butter mixture over the cereal.

Step 4

Add 3 more cups of cereal to the bowl and then pour the rest of the chocolate/peanut butter mixture on top.

Step 5

Stir until the cereal is evenly coated. If there are pools of chocolate/peanut butter at the bottom of your bowl, add more cereal 1/4 cup at a time until all that deliciousness is coating your cereal. Remember we WANT clumps, so do NOT add too much cereal!

Step 6

Let the mixture cool slightly (Put the bowl in the refrigerator for 5-10 minutes or outside on the porch on a cold day). Be sure to check it, as you do not want it to harden completely!

Step 7

Once your mixture is at or slightly below room temperature, add 1 cup of the powdered sugar/cocoa powder mixture. Mix until combined.

Step 8

Let cool for about 15 minutes.

Step 9

Add more powdered sugar/cocoa powder 1/4 cup at a time until your cereal is coated to your satisfaction. Let it sit at room temperature to harden before serving (or toss it in the refrigerator to speed up the process)!

Step 10

Store in an airtight container at room temperature.