Cherios Treats 1 c. sugar, 1 c. corn syrup, 1 c. creamy peanut butter, 1 t. vanilla 5 c. Cheerios (I used Honey Nut Cheerios) In a large sauce pan, combine sugar & corn syrup. Bring to boil over medium heat. Allow to boil for one minute, remove from heat. Add peanut butter and vanilla to mixture and mix until smooth. Add Cheerios and mix until all coated. Drop by spoonful onto waxed paper .