I made this as Christmas gifts for the staff at work. I needed to make something that would give me a high yield and be terrific. This was the perfect recipe! I'm not kidding when I tell you that this stuff is absolutely addicting!! I couldn't keep my hands off of it when I was making it. The kitchen manager at work told me I should bag and sell it, it's just that darn good!
I did play with the recipe to get it the way I wanted it. First, I used butter instead of margarine. I used 2 tsp. vanilla instead of one, then I had to play with the amount of popcorn to get the right ratio of popcorn to caramel. If I'm gonna eat caramel corn I want LOTS of caramel on the popcorn! HA HA!! I made this recipe so many times I know it by heart. I popped 1/2 cup of Jolly Time popcorn according to the package directions using 3 tablespoons of oil. I know the recipe calls for 1 1/2 cups...but the popcorn didn't get coated with caramel the way I wanted it to be, cutting back on the popcorn was the key to getting it perfectly coated. I used the 2 cups of dry roasted peanuts and followed the recipe for the caramel exactly. The recipe is a little time consuming, stirring every 15 minutes from the oven ( I only baked and stirred 3 times for 45 minutes instead of an hour)....but believe me, your gonna be very happy with the results!