Everyone loves munching on puppy chow, but I've switched things up to use popcorn in place of cereal for an out of this world snack that the whole family will love!
Prepare the popcorn according to package directions. Set aside.
In a microwave safe bowl, add the milk chocolate chips and peanut butter. Melt in the microwave on low heat for 30 seconds or until melted, stirring every 20 seconds.
Pour half of the popped popcorn into a large bowl. Drizzle with half of the melted chocolate and peanut butter. Gently stir to coat. Add the remaining popcorn and chocolate mixture to the bowl and stir again to coat.
Add the coated popcorn to a large paper bag (or a large bowl with a lid), dump in the powdered sugar, close the bag and shake to coat the popcorn. Serve immediately.