Grease a 9×9 inch pan with butter or nonstick cooking spray. Preheat the oven to 350 degrees.
Pour the entire bag of chocolate chips into the bottom of the baking dish.
Place the Peeps on top of the chocolate in rows, making sure that they lay flat for even baking.
Bake in the preheated oven for about 10 minutes, until the tops of the marshmallow Peeps start to turn golden brown.
Serve with graham crackers for dipping.