Slice apples and arrange them in a single layer on a serving platter.

In a saucepan over low heat, melt the marshmallows and butter together, stirring constantly until smooth and creamy. Remove from heat and set aside.

In a microwave-safe bowl, combine the unwrapped caramels and evaporated milk. Microwave in 30-second intervals, stirring well after each interval, until the caramels are fully melted and the sauce is smooth. Set aside.

Drizzle the melted marshmallow mixture generously over the apple slices. Then, drizzle the warm caramel sauce over the marshmallow. Finally, drizzle with chocolate syrup and sprinkle with chopped peanuts and mini chocolate chips. Serve immediately and enjoy!