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I like to make a couple of batches, each with a different color of candy coating, then mix together after it has set.
Mix together cereal, peanuts, pretzels, and M&M’s in a large bowl.
Melt candy coating according to package instructions and once melted, pour it over the cereal mix. Stir quickly with a large spoon. Sprinkle powdered sugar over the mixture and stir together.
Lay out onto a large cookie sheet lined with wax paper to dry.
Mix in marshmallows before serving.
*You can do this in 2 batches if desired, using different colors of chocolate for each batch. Then mix the two together after the candy coating is set.
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The Three Little Piglets on 4.23.2011
My kids and I made something similar for Halloween one year with orange candy melts – it came out this crazy color and they decided to call it Pumpkin Poop. Classy… I love the idea of adding the bunny marshamallows. Very sweet.