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Step 1
Add marshmallows to a large microwave-safe bowl, then remove about a cup to set aside for later.
Step 2
Add butter and heat on high for 1 minute and stir. Then heat in 30-second increments, stirring after each, until butter is melted. Add vanilla, stir until smooth and let cool slightly.
Step 3
Add reserved marshmallows, then add cereal to bowl and stir with a wooden spoon or rubber spatula until cereal is well-coated.
Step 4
Fold in mini chocolate chips until evenly distributed, mixing gently and quickly to avoid melting the chocolate chips. Transfer mixture to a buttered 9 x 9 pan and use a buttered spatula (or a layer of plastic wrap and your hands) to press down tightly. Let cool completely before cutting into bars.