In a saucepan over medium heat, melt the caramels, sweetened condensed milk, and butter. Remember to stir continuously until everything is smooth and well combined.
Take each marshmallow and skewer it carefully with a wooden skewer or toothpick. Now, dip that fluffy marshmallow into the warm caramel mixture, making sure it gets a nice even coating. Give it a gentle tap to remove any excess caramel.
Next, roll that caramel-coated marshmallow in the Rice Krispies cereal until it’s fully covered. Oh, what a glorious sight that will be!
Gently place each caramel-covered marshmallow onto a tray lined with parchment paper. Don’t forget to remove the skewer or toothpick at this stage.
Now, allow the caramel marshmallow Rice Krispie balls to set for about 30 minutes. This is the hardest part—waiting!
Once they are set, it’s time to serve. Enjoy the irresistible combination of caramel, marshmallow, and crispy cereal!