Place pretzel rods onto a large sheet of parchment paper. Place unwrapped caramels or bits into a medium saucepan over medium heat. Add water according to package directions and stir until melted and smooth. Remove from heat and let cool for 5 minutes so caramel thickens slightly.

Dip each pretzel rod into melted caramel. I used a spoon to help spoon caramel on the bottom half of the pretzel. Place coated pretzel rods onto parchment paper. Let set up for 15 minutes.

Place Ghirardelli melts into a heat proof bowl and microwave in 30-45 second increments until melted and smooth. Takes up to 2 minutes according to your microwave. When melted and smooth stir in Fruity Pebbles until combined.

CAREFULLY pull caramel coated pretzel rods downward from parchment. Do not try to pull straight up or pretzel rod WILL break. Trust me, I tried, lol! Just pull down nice and slow and it comes off of the parchment paper.

Use a spoon to help coat pretzel rods with the white chocolate/cereal mixture. Place back onto parchment for about 5 minutes to slightly set up. Take each pretzel rod and dip/coat for a second time. don't skip this step. Looks much better when dipped in white chocolate/cereal 2 times. Let double dipped pretzels set up for another 15 minutes, or until set. Transfer to a serving tray. Use a cellophane bag if desired to get the full effect of how they serve it at Bing Bong's Sweet Stuff. Enjoy!