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Spray a large cookie sheet with cooking spray and set aside.
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In a large bowl, combine oats, cereal, raisins and coconut. Stir.
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In a separate, microwave safe bowl, combine the peanut butter, sugar and corn syrup.
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Microwave on high 2 minute and stir. Microwave another 1-2 minute until mixture boils and sugar dissolves. Stir in vanilla.
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Pour the sauce over the dry ingredients and mix well. Allow it to cool long enough to not melt the chocolate chips, then stir them in also.
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Turn out onto the cookie sheet. Wet your hands under cold water and press into the pan.
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Cut into bars. They can be eaten immediately, but they will set up more as they cool. Store in an airtight container.
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Variations: Can use 2 cups each of Cheerios, Rice Krispies, and Corn Flakes instead of 6 cups crisp rice cereal. This is a nice taste variation but it is more crumbly.