Melt caramels in a microwave-safe dish with 2 tablespoons of water.
In a large mixing bowl, combine pretzels, peanuts, and caramel.
Using two spoons, scoop clusters onto a baking sheet lined with parchment paper. Let the clusters sit until stiff.
Melt chocolate in a microwave-safe bowl, using 30-second increments.
Using a fork, roll the clusters in the melted chocolate, draining excess chocolate. Place on the baking sheet lined with parchment paper. Sprinkle a small amount of flaky sea salt over the clusters.
Refrigerate for 30 minutes, or until the chocolate has fully set.