In a large microwave-safe bowl, combine the rice cereal, bagel chips, mini pretzels and wasabi peas and mix.
In a small pot, melt the butter over low heat. Stir in the vodka, tomato paste, Worcestershire, lemon pepper, paprika, celery salt and cayenne until well combined. While mixing, slowly pour over the cereal mixture until everything is well coated.
Microwave for 5 to 6 minutes, stirring every 2 minutes. Transfer to a baking sheet lined with parchment paper and let cool. Store in a resealable bag or airtight container.