5 c. Cheerios
5 c. Corn Chex
2 c. salted peanuts
1 lb. M&M'S®
1 (10 oz.) pkg. miniature pretzels
2 (12 oz.) vanilla baking chips
3 tbsp. vegetable oil

In a large bowl, combine the first 5 ingredients; set aside. In microwave-safe bowl, heat chips and oil on Medium-high for 2 minutes, stirring once. Microwave on High for 10 seconds; stir until smooth. Pour over the cereals and mix well. Spread on a waxed paper-lined baking sheet. Cool and break apart. Store in airtight container.

Yields 5 quarts.