Peanut Butter Pretzel Bites

Peanut Butter Pretzel Bites 1 (14 ounce) package caramels 1/4 cup butter, cubed 2 tablespoons water 5 cups small pretzels 1 (18 ounce) jar chunky peanut butter 26 ounces milk chocolate, melting candy In a microwave safe bowl, melt caramels with butter and water.Stir until smooth.Spread one side of each pretzel with 1 t. peanut butter.Top with 1/2 t. caramel mixture.Place on waxed paper lined baking sheet.Refrigerate until set.In a microwave safe bowl, melt candy coating.Using a small fork, dip each pretzel into coating until completely covered. Shake off excess.Place on waxed paper.Let stand until set Store in an airtight container in a cool, dry place.