Place half of each cereal into two large bowls.

Melt butter in a large pot; add Karo syrup and sugar. Heat together over medium and bring to a boil.

Boil for two minutes then pour evenly over the cereal in each bowl.

Stir together then add coconut, M&M’s, and peanuts. Spread over two greased cookie sheets to cool. Place in a large bowl to serve.