In a microwave-safe bowl, combine 1 cup of chocolate chips with ½ cup of peanut butter. Microwave in 30-second intervals, stirring after each until the mixture is smooth and fully melted.

Add 5 cups of Cocoa Puffs® cereal to the melted chocolate and peanut butter mixture. Using a rubber spatula, gently fold the cereal into the coating to ensure every piece is coated evenly.

Transfer the chocolate-coated cereal into a large resealable bag. Add 1 cup of powdered sugar, seal the bag tightly, and shake vigorously until the cereal is completely covered.

Pour the sugar-coated mix onto a large baking sheet, spreading it out into an even layer. Generously sprinkle your Boo-tastic Halloween-themed sprinkles over the top.

Once cooled, transfer the Werewolf Kibble to festive bowls or small treat bags for sharing.