Spray a serving plate or shallow tray with cooking spray.
Cook corn syrup and sugar together in a large saucepan over medium heat, stirring to dissolve sugar. Bring mixture to a boil. Remove from heat. Stir in peanut butter; mix well. Add cereal; stir until evenly coated.
Pour onto prepared plate and let cool 3 to 5 minutes. Spray hands with cooking spray and shape cereal mixture into an oval shaped football, about 12 x 7-inches.
Melt chocolate and butterscotch chips together in saucepan over low heat, stirring constantly. Spread over football top and sides. Combine white chocolate chips and oil in a small plastic bag. Microwave on HIGH for 30 to 60 seconds until smooth. Snip off one corner of bag with scissors and carefully squeeze to make seam and laces for the football.
Cool at least 45 minutes, or until firm. Cut into bars.
If desired, combine coconut, water and food coloring in a large plastic resealable bag. Gently toss until coconut is uniformly green. Sprinkle coconut on plate around football to make the grass.