In a microwave-safe bowl, melt white chocolate in the microwave in 30-second increments until melted and smooth, stirring in between
Add the chow mein noodles and peanuts into the white chocolate and stir till combined and the peanuts and noodles are coated
Drop medium-sized spoonfuls of the mixture onto a parchment-lined baking sheet
Top with sprinkles and let cool until set