1 package of caramels, the caramel bits work great
2 packages of mini M&M's
In a double boiler, melt caramel, dip in pretzel rods for a thin coating, roll in M&M's. Place on waxed paper to set. Very easy and very good.
Variations, roll in nuts, coconut, crushed Heath bars etc, keep in mind, caramel is hot so chocolate will take longer to set and will continue to melt. If you let the caramel set first then redip in chocolate you will have better results.