Red, White and Blue Rice Krispies Treats

Directions

• In a large microwave-safe bowl, combine the vanilla chips and peanut butter. Microwave, uncovered, at 50% power for 1-1/2 to 3-1/2 minutes or until melted; stir until smooth. Stir in cereal and peanuts. Press into a greased 13x9-in. pan. Let stand at room temperature until firm, about 30 minutes.
• Divide the pan of bars in half. On one half, cut out stars using a greased 2-1/2-in. star-shaped cookie cutter. Cut remaining half into 3-1/4x1-1/4-in. bars for stripes.
• In a small bowl, combine the confectioners' sugar, water, meringue powder and cream of tartar; beat on low speed just until combined. Beat on high for 4-5 minutes or until stiff peaks form. Divide frosting among three bowls. Tint one red and one blue and leave remaining frosting white. Decorate cutouts with frosting and sprinkles.