In a small saucepan over medium/low heat stir together peanut butter and honey until smooth.

Place cereal in a large bowl and pour peanut butter into bowl. Stir well to mix.

Once peanut butter mixture is well incorporated, spread mixture on a lined baking sheet.

Wet hands slightly (to avoid sticking) and push down mixture to pack it in tight.

Place in freezer for 30 minutes.

Cut into bars or squares using a sharp knife or a pizza cutter.

Store in refrigerator (or freezer).