Melt the white candy melts according to the package directions. Add a few drops of food coloring and mix well until the candy is red.
In a large bowl, pour in the Bugles and the red candy mixture and toss to coat.
Spread out on a baking sheet to dry.
In a separate large bowl, melt the chocolate in the microwave, add the rice Chex and toss to coat.
Add the red Bugles and toss to combine.
Spread out on another baking sheet.
Add the sprinkles, non-perils and more.
Break apart and serve.