Preparation of Ingredients: Begin by carefully unwrapping each caramel piece, ensuring no remnants of wrappers remain.

Creation of Caramel Mixture: In an appropriately sized microwave-safe bowl, combine the unsalted butter, caramels, and sweetened condensed milk. It is paramount to exercise caution in this step; melt the ingredients in the microwave using short intervals. After each interval, stir the mixture diligently until you achieve a homogenous and smooth consistency.

Marshmallow Coating: Individually immerse each marshmallow into the caramel mixture, ensuring it is generously coated on all sides.

Rice Krispies Application: After coating the marshmallow with caramel, immediately roll it in the Rice Krispies cereal, ensuring an even and thorough coverage.

Setting the Confectionery: Arrange the completed balls on a tray lined with wax or parchment paper, ensuring they are spaced appropriately to prevent sticking. Allow them to solidify for approximately one hour.

Storage: Once set, these confections should be stored in a refrigerated environment or a freezer, depending on one's texture preference, until they are to be served. Ensure they are stored in an airtight container to maintain freshness.