Combine butter, peanut butter, chocolate chips and butterscotch chips in microwaveable bowl. Microwave on high for 2 minutes. Remove and stir, return to microwave for additional 1 minute until all chips are dissolved.

Add crisp cereal and mix well. Drop by spoonful onto waxed paper. Insert chow mein noodles or licorice for legs. Decorate with eyes or other Halloween goodies.