1/4 lb. butter
1 pkg. caramels
1 can condensed milk
1 pkg. lg. marshmallows, quartered

Combine butter, caramels, and milk. Heat until caramels are melted. Cool slightly. With toothpick, dip marshmallows then roll in coconut, chopped salted peanuts, or Rice Krispies. Let set. Freeze well. I always use Rice Krispies and it makes about 90.