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PdfUsing a hand mixer or stand mixer, blend the cream cheese, butter, and peanut butter until the mixture is smooth.
Mix in the powdered sugar, brown sugar, flour, and vanilla until combined.
Stir in the chocolate chips using the paddle attachment or a wooden spoon.
Refrigerate the dip until ready to serve.
Serve with teddy grahams, graham crackers, pretzels, or apple slices for dipping.