Combine cereal, candy corn, and peanuts in a large bowl; set aside. Combine caramels and milk in a microwave-safe bowl and microwave on high for 1 minute and 35 seconds. Stir, then microwave on high 40 seconds longer. Stir until smooth.
2
Pour caramel mixture over cereal mixture. Stir to coat evenly. Spoon into muffin pans lined with paper baking cups. When cool, wrap with plastic wrap.
Combine cereal, candy corn, and peanuts in a large bowl; set aside. Combine caramels and milk in a microwave-safe bowl and microwave on high for 1 minute and 35 seconds. Stir, then microwave on high 40 seconds longer. Stir until smooth.
2
Pour caramel mixture over cereal mixture. Stir to coat evenly. Spoon into muffin pans lined with paper baking cups. When cool, wrap with plastic wrap.