Step 1

Place the cereal in a large bowl. Set aside.

Step 2

Add the chocolate chips and the peanut butter to a medium microwave-safe bowl.

Step 3

Microwave the chocolate chips and peanut butter for 30 seconds.

Step 4

Stir.

Step 5

Continue microwaving and stirring in 15 second intervals until melted.

Step 6

Stir until smooth and well-combined.

Step 7

Pour the melted chocolate mixture over the cereal.

Step 8

Use a spatula to carefully toss the cereal until completely coated.

Step 9

Add the powdered sugar and cocoa powder to a resealable gallon sized plastic bag.

Step 10

Seal and shake to combine.

Step 11

Add the chocolate coated cereal to the baggie a little at a time.

Step 12

Seal, then shake.

Step 13

Repeat until cereal is coated in the chocolate sugar.

Step 14

Spread the cereal out in a single layer on a sheet of parchment paper to cool.

Step 15

Combine the cereal, M&M's, peanut butter cups, and pretzels in a large bowl to serve.