Caramel Corn

Directions

1. 1
   In a large, heavy-bottomed pot, heat oil and kernels over high heat, uncovered, until first pop.
2. 2
   Cover and remove from heat for 1 minute.
3. 3
   Return to high heat and shake until popping ceases.
4. 4
   Sprinkle with salt and shake to distribute evenly.
5. 5
   Measure 3 1/2 cups of popcorn, and reserve.
6. 6
   Place sugar in a saucepan and add enough water to cover.
7. 7
   Cook until caramelized and golden then stir in the reserved popcorn and peanuts.
8. 8
   Pour onto greased sheet pan and break up slightly into clumps.