Preheat your oven to 350°F (175°C). This ensures that your cookies will bake evenly and come out perfectly golden brown.
In a large mixing bowl, combine the softened butter, light brown sugar, and vanilla extract. Use a hand mixer or a whisk to cream these ingredients together until the mixture is light and fluffy.
Next, add the large egg and creamy peanut butter to the mixture. Blend them in until completely incorporated, creating a smooth, creamy base.
In a separate bowl, whisk together the all-purpose flour, baking soda, cornstarch, and rolled oats. Once mixed, gradually add this dry mixture to your wet ingredients, stirring until just combined.
Gently fold in the plain M&Ms and semi-sweet chocolate chips. This is where the fun begins! Make sure the mix-ins are evenly distributed throughout the dough.
Using a cookie scoop or tablespoon, drop rounded balls of dough onto your prepared baking sheet, spacing them about 2 inches apart to allow for spreading.
Place the baking sheet in the preheated oven and bake for 10-12 minutes, or until the edges are lightly golden. The centers may look slightly underbaked, but they will continue to set as they cool.
Remove the cookies from the oven and let them cool on the baking sheet for about 5 minutes before transferring them to a wire rack to cool completely. Enjoy your freshly baked monster cookies with a glass of milk or your favorite beverage!