Got This from a friend of mine.... you can leave out the peanuts and add more cheerios until a stiff consistency if you want.
Crunchy Peanut Clusters
1 24oz. package of vanilla flavored candy coating
2/3 cup creamy peanut butter
4 cups Cheerios
2 cups Mini Marshmallows
2 cups dry roasted peanuts
Melt candy coating in 4 quart saucepan over medium heat, stirring frequently.
Stir in Peanut butter until mixture is smooth. Add remaining ingredients,
stirring until completly coated.
Drop mixture by heaping teaspoonfulls on to waxed paper or cookie sheet. Let
stand about 1 hour or until firm. Store tightly covered.