1cupred and white chocolate candiesWe picked out the red and blue m&ms.
Instructions
Chocolate and Peanut Butter. In a microwave safe bowl, one that's large enough to fit 6 cups of cereal in a later step, pour in the 1 cup of chocolate chips and the 1 cup of peanut butter.
Melt. Place bowl in microwave, and cook for 30 seconds, and stir. Cook for another 30 seconds, and stir. If the chocolate has not melted yet, keep cooking in 30-second intervals, stirring after each time, until melted. Do NOT overcook or chocolate will burn and not melt well.
Add cereal. Next, pour in the 6 cups of cereal in to the melted chocolate mixture and stir gently, without breaking the cereal, to fully coat the cereal.
Add powdered sugar. Next, pour 2 cups of powdered sugar over the cereal mixture and gently stir again, making sure not to break the small pieces of cereal.
Spread on the sheet. Pour the cereal mixture on top of the parchment paper-covered baking sheet, and gently spread it out to allow it to cool and dry completely. (You may also want to sprinkle extra powdered sugar on top at this step, but it's not required.)
Add candies. When the cereal mixture has cooled and dried, this is a great time to add the 1 cup of red and blue M&M's. Stir and serve or store for later.