Here's what you need:
9 cups - Crispix cereal
1 cup - chocolate chips (I use milk chocolate, not semi sweet)
1/2 cup - peanut butter
1 1/2 cups - powdered sugar
Don't you just love my festive measuring cups!? I do. Mom got them for me for holiday baking - thanks Mom!
Anyway, get a big pot - one that has high walls so you don't make a huge mess when you stir the cereal around - and melt the chocolate chips. Then add the peanut butter and stir until combined. Next, pour in the cereal and gently fold/stir until all the cereal is coated.
Get a big plastic bag, like a gallon bag or I just use a clean plastic shopping sack, and pour the powdered sugar in it. Then dump all the cereal in the bag, twist the top and give it a good several shakes, spins and rolls. Open it up and grab a couple warm little treats and eat them up. They are great with a glass of milk.
That's it! Once it's cooled, store in an airtight container our separate into little baggies and give as gifts.