Caramel Peanut Nests

1. Cover cookie sheet with waxed paper.

2. Put caramels and water in a large pan.

3. Heat over low heat, stirring constantly until melted and smooth.

4. Add peanut butter.

5. Stir until melted.

6. Remove from heat.

7. Add Cheerios.

8. Mix until well coated.

9. Drop by spoonfuls onto waxed paper.

10. Press peanut candy into center of each cookie. Let stand until firm, about 1/2 hour.

11. It's a fun treat for children!