Reindeer Chow

1 box Chex Corn Cereal - 14 oz
1 cup chocolate chips
1/2 cup peanut butter
1/3 cup butter
1 tsp vanilla extract
2 cups powdered sugar
2 cups pretzel pieces
2 cups Christmas M&Ms

Pour Chex cereal into a large bowl and set aside.

In another bowl combine chocolate chips, peanut butter, and butter.  Melt in the microwave on high heat for 1 minute.  Stir and continue heating for another 30 seconds.  Remove from microwave.

Add the vanilla extract then mix well.

Pour chocolate mixture over the cereal and stir to evenly distribute.

In a gallon-sized bag pour in the powdered sugar.  Add the chocolate Chex mix, seal and shake well.

Pour Chex mix into a bow, add pretzels and M&Ms, and mix well.