(CNN) -- Drew Peterson, who was arrested this week in the death of his third wife, joked with the media about his jail jumpsuit and chewed gum throughout his first court appearance Friday.



A judge delayed Drew Peterson's arraignment until May 18 because his lawyers couldn't attend Friday's hearing.



The 55-year-old former police officer flashed a broad smile and engaged in banter during the 10-yard walk to the courthouse.



Wearing an inmate uniform -- a bright-red short-sleeved shirt and pants, white socks and sandals -- Peterson had his hands and feet shackled as he arrived at the courtroom.



Asked how he was, he responded, "three squares a day and a spiffy outfit." He then held up the chains and said, "and I got the bling. Can't complain."



Peterson, who authorities call the prime suspect in the disappearance of his fourth wife, Stacy Peterson, was indicted on murder charges related to the death of his third wife, Kathleen Savio, the Illinois state attorney's office said.  Watch a shackled Peterson go to jail »



Peterson appeared in court Friday, but a judge delayed his arraignment until May 18.



Judge Richard Schoenstedt ordered the delay after Will County State's Attorney Jim Glasgow told him that Peterson's primary lawyer, Joel Brodsky, had asked for it because neither he nor Peterson's other attorney could attend Friday's hearing.



Peterson, chewing gum throughout the proceedings and speaking in a clear voice, told Schoenstedt that he knew both of his lawyers were out of town and that he had no objection to the delay.



Glasgow, who has said he will prosecute the case personally, said Brodsky told him that he expects to ask the judge for a reduction in Peterson's $20 million bail during the May 18 arraignment.



Illinois State Police said Peterson was taken into custody about 5:30 p.m. Thursday after a traffic stop near his home.



Police had staked out his home all day, police Capt. Carl Dobrich said, but waited for Peterson to leave before arresting him out of concern for his three young children, who were in the house.



Peterson, through his attorney, denied any wrongdoing in either case.



Glasgow said he believes that the case is strong.



"This is an extremely grave and serious matter, and it is reflected in the bond," Glasgow said.



Brodsky told CNN's Larry King that he thought the bail was excessive and would seek a more "reasonable" amount, noting that it was the most expensive bail he'd seen in 10 years.  Watch Peterson's attorney address his client's arrest »



Charles B. Pelkie, a spokesman for Glasgow, said a grand jury indicted Peterson in the murder of Savio, whose death had once been ruled an accidental drowning.



But Brodsky said in a statement that prosecutors won't be able to prove their case, because "he didn't do it."



"There is no evidence that links Drew Peterson to the death of Kathleen Savio or anyone else for that matter," Brodsky said. "Drew did not harm Kathleen; he has said so from Day One. We're obviously disappointed a grand jury indicted him. But an indictment does not mean guilt."



Pelkie said the grand jury continues to meet and is studying the possibility of charges in Stacy Peterson's disappearance.  Watch family members react to the arrest »



After Stacy Peterson went missing in October 2007, media and police scrutiny of Peterson revealed that Savio had died mysteriously during a nasty divorce a few years earlier.



Savio died just before the division of marital assets was finalized, making Drew Peterson the sole beneficiary.



Savio was found in the dry bathtub of her home. At the time, the death was ruled an accidental drowning. But her family continued to insist that Savio died as a result of foul play.



The investigation into Stacy Peterson's disappearance brought renewed interest in Savio's death. Authorities exhumed Savio's body, further tests were conducted, and her death was been ruled a "homicide staged to look like an accident."
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question: was he arrested, answer: Peterson, | question: Who is Drew Peterson accused of killing?, answer: Kathleen Savio, | question: What is the name of the person who was arrested?, answer: Peterson, | question: What was Drew Peterson arrested for?, answer: death of his third wife, | question: what happened to other wives, answer: died mysteriously | question: What was the name of the 3rd wife?, answer: Kathleen Savio, | question: Which person disappeared?, answer: Stacy Peterson, | question: What did Peterson say to the media about handcuffs and chains?, answer: I got the bling. Can't complain."