Preheat oven to 350 degrees F and heat a skillet over medium heat.
Add cereal to a shallow pie dish or plate. Crush cereal with hands or rolling pin. Add all ingredients into a shallow dish or a wide bowl and whisk well to combine.
Add the batter and the cereal into two separate shallow dishes. Dip each piece of bread into the egg mixture on both sides and then press gently into the cereal, flipping to coat both sides.
Melt a small piece of salted butter in a skillet or griddle over medium heat (or grease with cooking spray). Place the bread slices on the hot skillet and cook for 2-3 minutes on each side until golden on the bottom and then flip and cook on the other side.
Place bread on a cookie sheet lined with foil. Cover bread with an additional piece of foil (to keep from burning the cereal) and bake for 7-10 minutes or until center of bread is no longer soggy.
Serve with syrup, fruit or other toppings of your choice. Enjoy!