These are really good. I forgot all about this recipe. Dh is bugging me to make these.

1 package (14 ounces) caramels
1/4 cup water
3/4 cup peanut butter, divided
4 cups Cheerios
1 cup salted peanuts
1 cup (6 ounces) semisweet chocolate chips or 1 cup milk chocolate chips
1/2 cup butter, softened

In a large microwave-safe bowl, heat caramels, water and 1/2 cup peanut butter on high for 45 seconds; stir. Microwave 1 to 1-1/2 minutes longer or until melted. Add cereal and peanuts; toss to coat. Spread into a greased 13-in. x 9-in. x 2-in. pan; set aside.
In another microwave-safe bowl, heat chips, butter and remaining peanut butter on high for 20-50 seconds or until melted. Spread over cereal mixture. Refrigerate before cutting.

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