Prepare an 8x8 inch pan with parchment paper. See notes for directions & tips.
In a medium saucepan, combine milk chocolate melting wafers, peanut butters and half of the evaporated milk over low-medium heat. Using a rubber spatula, combine fully until thick and fluffy.
Reduce heat to low and fold in the mallow cream and stir constantly until fully combined.
Pour mixture into the bottom of the 8x8 pan. This will self-level well.
Top with peanuts and set aside.
In a microwave safe dish, combine caramels with the remaining evaporated milk.
Microwave on 50% power for 1 minute, stirring afterwards (it will be very hard to stir. Use another utensil to clear your stirring utensil from the caramel). Return to the microwave and continue to heat on 30-second, 50% power bursts, stirring in between until the caramel is smooth.
Pour caramel overtop of the peanuts, distributing evenly.
Place the dish inside the refrigerator and allow it to chill for 4 hours or overnight.
When done, remove the Snickers mixture from the dish by pulling up on the parchment paper.
Using a sharp knife, cut the Snickers bars by making one cut in the middle from top to bottom and another 5 cuts in the opposite direction.
Prepare a large baking sheet with parchment paper and place each Snickers bars on the sheet. Place the sheet inside the refrigerator to keep chilled while you prepare the melting chocolate.
In a medium microwave safe bowl, add the dark chocolate wafers and place inside the microwave to heat on 50% power for 1 minute. When done, add the vegetable oil and stir. Return to the microwave and heat in 30-second bursts on 50% power, stirring in between, until the chocolate is silky smooth.
Using two forks or dipping tools, dip each Snickers bar into the chocolate, coating it completely. Gently shake off any excess chocolate before placing the bar back on the baking sheet. Repeat this process for each bar.
Place the baking sheet back inside the refrigerator for 30 minutes or until the chocolate is completely hardened. When the chill time is complete, serve immediately.
Recipe Tips
The caramel won’t spread like the chocolate layer does, so when adding it, try to add it evenly over the peanuts. It will spread minorly from there.Store these candy bars inside the refrigerator when not serving. This will prevent any melting or cracking of the chocolate.Bar cutting tip: add vegetable oil to a paper towel and rub the paper towel over the blade of your knife before cutting the bars. This will help create even cleaner cuts and will prevent the caramel from sticking to the blade.Do not use the full bag of caramels for this recipe. It will be too much caramel to not expand over the edge after cutting.I have found Marshmallow Fluff works best when melted over the stove like in this recipe.