Gather all your ingredients and preheat your oven to 350°F (175°C). Line a baking sheet with parchment paper for easy cleanup.
In a mixing bowl, combine 1 cup granulated sugar, 2 tablespoons light brown sugar, and 1 ½ teaspoons cinnamon. Set this mixture aside; it will become the delightful coating for your pretzels.
In a large bowl, drizzle 1 cup canola or vegetable oil over 5 cups pretzels. Toss the pretzels gently to ensure they are evenly coated. Next, sprinkle the cinnamon sugar mixture over the pretzels, tossing again until they are well coated.
Spread the coated pretzels evenly across the prepared baking sheet. Bake in the preheated oven for about 10-12 minutes until they are slightly crisped and fragrant. Keep an eye on them to prevent burning.
While the pretzels are baking, place 1 cup semi-sweet chocolate chips in a microwave-safe bowl. Microwave in 30-second intervals, stirring in between, until the chocolate is fully melted and smooth.
Once the pretzels have cooled slightly, take them out of the oven. Use a fork to drizzle the melted chocolate over the pretzels, ensuring every bite gets that rich chocolatey goodness.
Before the chocolate sets, sprinkle your choice of colorful sprinkles over the pretzels. This step is optional but adds a festive touch.
Allow the pretzels to cool on the baking sheet for about 15-20 minutes, until the chocolate has hardened. For quicker results, you can place them in the refrigerator for a few minutes.