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In a mixing bowl, combine creamy peanut butter, softened cream cheese, confectioners’ sugar, cocoa powder, and vanilla extract.
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Mix the ingredients until smooth and well combined, ensuring there are no lumps.
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Gently fold in mini chocolate chips, reserving some for garnishing.
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Transfer the dip to a serving bowl and sprinkle the remaining chocolate chips on top.
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Chill the Buckeye Dip in the refrigerator for at least an hour to allow flavors to meld together.
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Serve the dip with graham crackers or pretzels for dipping and enjoy!