Puppy Chow has become a holiday staple in my family. My aunt has been making it for several years. She would give a bowl of it to each family at Christmas. Now, it's one of the things I use for food gifts. However, be forewarned. It is incredibly easy to eat an entire bowl by yourself! You'll grab a handful each time you walk by and, before you know it, the entire bowl is gone! It is addicting.
1 box rice Chex cereal
3/4 cup peanut butter
1 1/2 cups chocolate chips
1/2 teaspoon vanilla (or almond extract)
1/4 cup butter
1-2 cups powdered sugar (just eyeball it)
In a saucepan, melt peanut butter, chocolate chips, and butter. You can also use the microwave, but I've found the stove melts it through a little better. After it's melted and mixed (completely smooth), add the vanilla. Pour the cereal into a large trashbag (kitchen trashcan size). Pour the chocolate mixture into the bag. Hold the top of the bag closed and shake until all of the cereal is completely coated. I shook it but then also flipped the bag sideways (still closed tightly) and used my hand on the outside of the bag to move the cereal around. After the cereal is coated, dump in the powdered sugar and shake it again. Once you think everything is coated enough, dump it into a bowl and start eating!
This recipe is plenty to take to a large gathering (10-12 people or so) or to make several gifts. I suggest pairing it with a homemade hot chocolate mix and chocolate-dipped spoons.