What item costs 2.20?

Cereal with Milk is the correct answer because it is priced at $2.20, which is in alignment with the typical pricing structure at Waffle House. This item is a simple breakfast option that includes the combination of cereal and milk, making it an affordable choice for customers seeking a light meal.

Other items listed, such as the Chocolate Pie slice, Bacon Chicken Cheese salad, and Raisin Toast, have different price points that do not match the $2.20 figure. Understanding the pricing of various menu items is crucial for servers, as it enables them to provide accurate information and assist customers effectively with their orders.