In the mixing bowl, combine pretzels, cereals, peanuts, and M&Ms.
Place the chips in the measuring cup and microwave on high, stirring often (every 20-30 seconds) until just melted. Do not overheat.
Drop small spoonfuls of melted chips all over the cereal mix and stir with the large spoon. Add sprinkles while the chips are still warm as you stir. Continue stirring until the cereal mix is coated. Scoop into cups and serve (see the Bunny Snack Cup craft for serving suggestion).
Carol Eide is the mother of three young adult children. She loves making creative messes of all kinds—cooking, sewing, crafting, gardening. She has been writing, teaching, and publishing craft and activity ideas for children and adults for over 35 years.