1 stick butter
6 oz chocolate chips
6 oz peanut butter chips
12 oz crunchy peanut butter
1 pound powdered sugar
largest box of Crispix cereal (or 1 1/2 12 oz boxes)
Melt first 4 ingredients in sauce pan over low heat. Pour cereal in large, covered container. Pour melted ingredients over the cereal and mix well. Add powdered sugar, seal container, and shake until well coated.
Don't make the mistake I made in trying to double the recipe. You end up smooshing the cereal and not all the pieces get stuff on them. This makes a great gift for neighbors -- just put it in a festive Chinese take-out box (you can get them at Michael's), and a ribbon, and viola!