Caramel Crispies

Photo: flickr user avlxyz

Ingredients

1 (14 oz.) pkg. caramels

1/4 cup butter

2 tablespoons water

3 cups crisp rice cereal

1 cup dry roasted peanuts

Preparation

Unwrap caramels and place in a 2 quart bowl. Add the butter and water. Place in microwave oven. Cook caramel mixture at High for 4 minutes, stirring well every minute. Stir in cereal and peanuts. Press evenly into buttered 8"x8"x2" baking dish. Cool and cut into squares to serve. Makes 36 squares.