2 c. puffed wheat (toasted for about 10 minutes)
1/3 c. raisins
1/3 c. chopped peanuts
1 (6 oz.) pkg. butterscotch chips
1/4 c. light corn syrup
1 tbsp. water

Mix last 3 ingredients until melted. Pour melted syrup over the first 3 ingredients and stir until coated. Drop by teaspoon on waxed paper to cool.