In saucepan, melt marshmallows and butter until creamy. Set aside.
In microwave dish, melt caramels with milk (cooking in 30 second intervals, and stirring). Set aside.
Pour marshmallow cream over apple slices, followed by caramel sauce. Drizzle chocolate syrup and sprinkle with peanuts and mini chocolate morsels. Serve immediately and enjoy!
Notes
This is a fun and interactive dessert that's perfect for parties or a special treat. Adjust toppings to your preference!