9 cups Chex cereal (any variety)
1 cups semi-sweet chocolate chips
1/2 cup creamy peanut butter
1/4 cup butter
1 tsp vanilla
1 1/2 cup powdered sugar
Put chocolate, peanut butter, and butter in a microwaveable casserole dish. Heat 60 seconds, stir, and then return in 30 second increments until everything is smooth and melted. Add vanilla.
Measure cereal in a large bowl. Pour chocolate mixture over cereal and stir well. Add powdered sugar and toss well to coat. (I use a large Tupperware bowl that has a lid so I can shake it up).
Pour onto a baking sheet and cool in the fridge. Store in a gallon bag or the bowl you used to toss the mix and divide into 1 cup size gift portions.