I have to make puppy chow a lot for my husband...ladies-I do not recommend eating this stuff if you have never eaten it before. You cannot crave what you have never had!
The last time I made it, I added up the calories of all the ingredients, and divided that by how many cups it made, and it turns out to be about 200 calories and a zillion fat grams in about 1/3 cup. NOT GOOD!
For those of you who don't know, you melt chocolate chips with an obscene amount of butter or margerine and peanut butter, and toss it in with a small box of either Chex or Crispix-put it into large ziploc bags, and then cover it in powdered sugar and shake it. You are pretty much coating cereal with fat, sugar, and fat-and then shaking it up with a ton more sugar...
There is really no way of lightening it up any-because you have to have chocolate and powdered sugar, and you have to have the margerine or butter to thin and smooth out the mixture-and even lower fat peanut butter is still really high in calories-almost 200 for 2 tablespoons. You cannot use sweetener in place of the powdered sugar...so no matter what-it is going to be really fattening. I have succeeded to lighten up a lot of recipes, and this is one that you really cannot do anything with.
My suggestion is to maybe make a healthier mix out of chex, raisins, and maybe have a few M&Ms or chocolate chips in with it, and see if that will suffice the craving.