My friend, Susan, posted this on Facebook. She said it is super easy!
49 Kraft caramels (14oz. bag)
3 TSP. water
2 cups Rice Krispies
2 cups Corn Flakes
1 4oz. package shredded coconut
Melt caramels with water in saucepan over low heat. Stir frequently until sauce is smooth. Pour over combined cereals and coconut. Toss until well coated. Drop rounded tablespoonfuls onto greased cookie sheet. Let stand until firm. Makes 4 dozen