I made the caramels and fudge and Eric made the puppy chow. I can't tell you how hard it was not to eat it all ourselves!
9 cups crispy rice cereal squares (like Chex)
1/2 cup peanut butter
1 cup semi-sweet chocolate chips
1 1/2 cups powdered sugar
In a large sauce pan, met the chocolate over low heat. Stir in the peanut butter and mix until smooth. Remove from heat, add cereal to the pan, and stir until all the cereal is coated. Pour the powdered sugar into a large ziploc bag, add cereal, and shake well until the cereal is well coated. Store in airtight container.