Muddy Buddies or Puppy Chow...doesn't matter what you call it. It's highly addictive and always enjoyed by my family every holiday season. Package them up for a tasty gift from the kitchen!
9cupsRice or Corn Chex cereal(or a combination of both)
1cupsemisweet chocolate chips
1 1/2cupspowdered sugar
Measure the cereal into a very large bowl; set aside.
Using a 1-quart microwavable bowl, melt the chocolate chips, peanut butter and butter (uncovered) for 1 minute. Carefully remove from the microwave and stir. If more time is needed, microwave for another 30 seconds and stir until smooth. Remove from the microwave and stir in the vanilla.
Pour the melted chocolate mixture over the cereal. Use a large wooden spoon to gently mix the cereal so it is evenly coated with the chocolate.
Line a large sheet or two of wax paper on a counter or table top. Transfer half of the chocolate coated cereal into a 1-gallon plastic zipper bag. Pour in 3/4 cup of the powdered sugar. Seal the bag, allowing air to remain, and shake to coat the cereal. Spread on the wax paper to cool. Repeat with the remaining cereal and powdered sugar, using the same bag.
Once completely cooled, store in an air-tight container in the refrigerator (or just eat it!) :)