Mix sugar, butter, peanut butter and Rice Krispies in a large bowl. Blend thoroughly with hands until dough forms. Roll into small balls (approximately 1/4 inch in diameter). Place on an ungreased cookie sheet in the freezer for 5 to 10 minutes to harden.
Melt the chocolate morsels and paraffin wax together in a double boiler. After the chocolate is melted, use a toothpick to dip each ball into the chocolate, leaving an oval space on top to make it look like an Ohio buckeye. Makes approximately 100 buckeyes.