1 (14 oz.) pkg. caramels
2 tbsp. water
20 pretzel rods
3 c. miniature semi-sweet chocolate chips

Line cookie sheet with wax paper. Unwrap 1 package of caramels into 4 cup microwave proof measure. Add water. Microwave on high until melted (2 1/2 minutes), stirring every minute. Cool about 10 minutes. Dip 20 pretzel rods into caramels just to coat, leaving 2 inch handle. Roll in 3 cups miniature semi-sweet chocolate chips. Place on wax paper and let stand until firm.