Simple, Simple, Simple.
Load your pecans or nut of choice on a foil covered cookie sheet (you may want to spray a little cooking spray to keep the caramel from sticking).
Melt a bag of Kraft caramels in the microwave with 2 tbls water (Kraft makes little caramel pellets so you don't even have to unwrap the squares).
Pour caramel over pecans.
Melt semisweet chips (maybe a cup and a half or so) in microwave and pour on caramel.
Stick in refrigerator to cool. Remove from sheet and cut with a big honkin' knife.