Peanut butter balls (My favorite and better than Reeces cups)

3 Cups Rice Krispies cereal (or generic)
2 Cups powdered sugar
1 18 oz jar of Peanut Butter (I like Jif the best) 1 stick of melted margarine
3 Cups semi sweet chips
1 to 2 inch square of paraffin wax

Combine all ingredients except chocolate chips. Mix well with hands and shape into 1/2 to 1 inch balls and chill 1 hour. While the balls are chilling Melt semi sweet chips and paraffin in a double boiler. Using fork and spoon dip balls in chocolate mixture place on wax paper and chill.
Makes approx. 72 balls