In a large bowl smash 2 ripe bananas with a fork. Add chopped banana and ice cream. Stir to combine. Add strawberries, fold into mixture.
Add 1 cherry to the bottom of each popsicle mold. Pour ice cream mixture into molds. Cover and place sticks into the mold. Freeze for 12 hours.
Spread chopped peanuts across a shallow plate. Dip popsicles into homemade magic shell (in a tall, thin glass or canning jar) and then immediately place on peanuts. Flip and place on a cookie sheet and freeze or serve immediately.
Notes
I store these in sandwich bags until ready to eat to keep them fresh in the freezer.