1 Place the cereal in a large mixing bowl.
2 Combine the peanut butter and chocolate chips in a microwave safe bowl. Heat in the microwave, stirring every 30 second seconds until completely melted. Mix well.
3 Pour the melted peanut butter and chocolate mixture over the cereal. Stir gently (careful not to crumble the cereal) until the cereal is coated.
4 Place the powdered sugar in a gallon-sized bag.
5 Add the coated cereal into the bag. Shake well until covered with powdered sugar.
6 Dump the cereal into a bowl. Add pretzels and m&m’s. Mix well.
7 Enjoy!