Make a peanut butter and jelly sandwich as you would normally, using the French bread, peanut butter and Strawberry Compote.
In a small bowl, combine the egg, milk, cinnamon and nutmeg to make your French toast batter. Dip the sandwich in the batter for about 10 seconds on each side, then coat the battered sandwich with the crushed cereal.
Heat the clarified butter in a skillet over medium-high heat and cook the sandwich on each side until it's a nice golden brown! Cut in half, dust with powdered sugar, and serve with a spoonful of Strawberry Compote on the side.
Combine the strawberries, sugar, lemon juice and salt in a small saucepan. Cook over low heat, stirring frequently (to prevent burning), until thick, 10 to 15 minutes. Serve warm or keep in the refrigerator, covered, for up to 5 days.
To make clarified butter, melt 1 stick butter in a small saucepan over medium-low heat until the milk solids separate out and rise to the top, about 5 minutes; let cool. Skim and discard the white foam from the top. Spoon out the clear, now clarified butter from the top, discarding the browned solids left on the bottom of the pan. The butter will keep, covered, in the refrigerator for up to 1 month.