1. In medium microwave-safe bowl, microwave chocolate chips and peanut butter on HIGH (100%), stirring occasionally, 1 1/2 minutes or until melted and smooth.
2. Dip one end of each pretzel in peanut butter mixture; arrange on wax-paper-lined baking sheets. Decorate with colored sprinkles or nonpareils, if desired. Refrigerate 15 minutes or let stand at room temperature 30 minutes or until set.
This recipe is recommended for 28 servings.