Combine white chocolate chips and peanut butter in a microwave safe bowl. Heat for 30 seconds, stir, heat for 30 seconds again, then stir again, repeating the process until melted.

Dip each Rice Krispies Treat halfway into the chocolate and peanut butter mixture. Carefully chop four or five peanut butter M&M's and sprinkle over the dipped side of each Rice Krispies Treat.

Place milk chocolate chips into a microwave safe bowl. Heat for 15 seconds, stir, heat for 15 seconds, and stir again, repeating the process until melted.

Pour melted chocolate into a ziploc sandwich bag. Cut the tip off one end of the bag and drizzle chocolate over each Rice Krispies Treat. Enjoy!