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Preheat oven to 350 degrees F, and line an 18x13 baking sheet with parchment paper. Spread out pretzels on the baking sheet. It's okay if they overlap.
Melt butter and brown sugar in a medium sized saucepan over medium-high heat. Bring to a boil and continue whisking until the mixture begins to thicken, about 3-4 minutes. Remove from heat and stir in vanilla.
Pour the mixture over the pretzels evenly. Toss gently to coat the pretzels, then spread out in an even layer. Bake for 5 minutes.
Sprinkle chocolate chips evenly over pretzels then bake for 5 minutes.
While the chocolate is baking, melt the peanut butter in the microwave in 20 second increments until thinner in consistency (you can also do this over low heat on the stovetop).
Remove the pan from the oven then spread the melted chocolate evenly. Drizzle peanut butter on top then use a back of a spoon to swirl the peanut butter. Add sprinkles and flakey sea salt, if using.
Freeze for at least 1 hour, then break into pieces. Enjoy!