Gather all supplies and ingredients.
Measure rice cereal into large mixing bowl.
Grease 9x13 pan.
Cook sugar and honey in medium sauce pan until sugar dissolves -Do not overcook or your bars will be hard.
Turn off heat and whisk in peanut butter and vanilla.
Immediately pour peanut butter mixture into the rice cereal and mix well.
Pour the coated rice cereal into prepared 9x13 pan and spread evenly.
Set aside to cool.
Measure out 1 Cup each of chocolate chips and butterscotch chips into microwave safe bowl.
Microwave at 20 second increments, stirring well each time.
Once the chocolate mixture is melted together, pour over peanut butter layer and spread it evenly.
*optional* While chocolate layer is still melted, add your sprinkles as desired.
Let cool for at least two hours before cutting.
Enjoy!