Step 1

Line a rimmed baking sheet with wax paper, parchment or a silicone baking mat. Set aside.

Step 2

In a large mixing bowl combine the cereal, M&Ms, pretzels, and peanuts. Set aside.

Step 3

In a double boiler or in the microwave, melt white chocolate and shortening until smooth. Remove from heat and whisk in vanilla extract.

Step 4

Pour chocolate over the cereal mixture and stir until evenly coated. Pour over the prepared baking sheet, add sprinkles over top.

Step 5

Place in the refrigerator and chill for 30 minutes before breaking apart into chunks.