Set aside 9 cups Chex cereal (any kind-ride, wheat, corn, etc.). Put 1 1/2 cups powdered sugar in large ziploc bag.
Mix together in microwave-safe bowl:
- 1 cups semi-sweet chocolate chips
- 1/2 cups peanut butter
- 1/4 cups butter (nothing else)
Mix until smooth. Add 1/2 teaspoon vanilla to melded chocolate mixture. Pour over cereal. Add chocolate-covered cereal to ziploc bag with powdered sugar. shake well. Pour covered mixture onto wax paper until cool. Refrigerate. Eat up!