Grease a 9x13" pan with cooking spray and set aside.

Melt your butter in a large microwave bowl. Add in the marshmallows and microwave on medium for 1 min. intervals stirring after each. Add the vanilla and stir. Pour in your rice krispies and stir well but gently. Pour mixture into the prepared pan and press down evenly with a spatula lightly sprayed with cooking oil.

Add the peanuts in an even layer.

In a medium sauce pan add the caramels and start to heat, add the cream and stir until melted and combined.

Pour the caramel over the rice krispies.

Melt the chocolate chips in a microwave bowl at 30 second intervals until melted. Stirring after each. Pour chocolate over caramel and spread evenly.

Refrigerate to cool. Remove from fridge about 30 min. before serving and cut into desired size pieces.