In a microwave-safe bowl, melt the white chocolate as directed on the package. Alternatively, you can melt it in a candy melter or over a double boiler.
Meanwhile, break the pretzels and cookies into large chunks (I left my pretzels whole, which is an option).
Stir the pretzels, cookies and peanuts into the melted white coating, and carefully spread into a slab on your lined tray. Sprinkle M&Ms over the top.
Decorate with sprinkles. If you don't like sprinkles, just use a few anyway.
Let the candy sit until coating solidifies or put the whole tray in the refrigerator to solidify.
Break into pieces
Notes
Consider all the amounts given suggestions and use as many add-ins as you want.