Yield: 2 dozen
Chop candy coating into small pieces; place in heavy skillet. Cover and heat over low heat about 5 minutes or until coating is soft.
Remove from heat. Stir until smooth and creamy. Stir in cereal until well coated. Stir in peanuts and marshmallows.
Drop mixture by rounded tablespoonfuls onto waxed paper. Sprinkle with candy sprinkles. Let stand 2 hours or until completely set.
Please note that some ingredients and brands may not be available in every store.