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In a large pot, brown your butter. Remove from the heat to prevent burning. Then, add your marshmallows and put back onto the heat.
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Stir until marshmallows are completely melted.
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Add in your cereal and stir until combined.
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Pour about half of the mixture into a buttered cake pan.
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Drizzle caramel sauce on top of this layer. Pour in the rest, and press everything down firmly into the pan.
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Drizzle more caramel sauce on top. Cool and enjoy!