Edit July 28, 2011: I finally got a chance to make these bars and included a picture. These bars are soft and rich, really good. We can rename this recipe Better Than Payday Bars.
I found this recipe off TalkFood forum found at Cooks.com.
Almost Like Payday Bars!12 oz. butterscotch chips
3 tbsp. butter
1 can sweetened condensed milk
24 oz. dry roasted peanuts, broken
2 c. miniature marshmallows
Crush nuts coarsely and pour half into a buttered 9x13 pan. Melt chips and butter in saucepan. Blend in milk and add marshmallows. Cook till marshmallows are melted. Pour over peanuts and press down. Pour remaining peanuts over and press down again. Cool and cut.