Heat oven to 350°F. With bat-shaped cookie cutter or kitchen scissors, cut tortillas into bat shapes. Place shapes and large scraps on ungreased cookie sheets. Spray both sides of shapes and scraps with cooking spray.
Bake 8 to 10 minutes or until golden brown and crisp. Cool completely, about 15 minutes.
Meanwhile, in small bowl, mix remaining ingredients except peanuts. Sprinkle dip with peanuts. Serve dip with bat snacks.