Prep
0-15 min
Cook
50 MIN
Calories
270
Ingredients
3 tbsp
butter or margarine
1 tbsp
water
10 cups
air-popped popcorn
1 cup
cocktail peanuts
Instructions
Step 1
Heat oven to 300°F.
Step 2
Spray large baking sheet with cooking spray. Cook caramels, butter and water in large saucepan on low heat until caramels are melted, stirring frequently.
Step 3
Combine popcorn and nuts in large bowl. Add caramel mixture; toss to coat. Spread onto prepared baking sheet.
Step 4
Bake 20 min., stirring after 10 min. Spoon onto sheet of waxed paper; cool completely. Break into clusters.