Instructions

  1. Preheat oven to 350.
  2. Pop the popcorn and distribute it evenly between 2 large baking sheets with rims.
  3. Divide the peanuts in half and sprinkle on top of the popcorn.
  4. In a heavy saucepan melt butter over medium heat. Stir in brown sugar and molasses.
  5. Bring to a boil and boil for 5 minutes.
  6. Remove from heat and drizzle over the 2 sheets of popcorn, distributing it as evenly as possible.
  7. Bake in oven for 15 minutes, gently turning the popcorn with a large spatula every 3 minutes.
  8. As it bakes, the caramel will melt and cover the popcorn evenly.