In large bowl, place cereal.

In small microwavable bowl, microwave baking chips and peanut butter uncovered on High 1 minute to 1 minute 30 seconds, stirring every 30 seconds, until melted and smooth.

Pour peanut butter mixture over cereal, stirring until evenly coated.

Place the cereal mixture in 1-gallon food-storage plastic bag. Add powdered sugar. Seal bag; shake until well coated. Spread on waxed paper or foil to cool, about 15 minutes.

In a large bowl mix candy, sprinkles, popcorn and finished chex. Serve in individual bowls and store the rest in an airtight containerTips

Bag this in individual bags and decorate with ribbon for gifts or party favors.

Change this up for any holiday by changing the mix ins.