A homemade version of the nostalgic caramel and molasses coated popcorn treat with peanuts. This popcorn keeps really well and can be made well in advance.
Line two baking sheets with parchment paper or silicone baking sheets. Measure out the 12 cups prepared popcorn (preferably unsalted) and 1 cup Spanish peanuts into a large mixing bowl.
In a medium sized saucepan, combine the 1/2 cup unsalted butter, 1 cup packed brown sugar, 1/4 cup full-flavored, unsulfured molasses, 1/4 cup light corn syrup and 1 teaspoon salt. Bring to a boil over medium heat, whisking constantly and cook 2 minutes once it begins to boil.
Remove from heat and pour over popcorn. Using a wooden spoon or spatula, stir until the popcorn is evenly coated.
Pour popcorn mixture evenly out onto prepared baking sheets and bake at 250°F. for one hour. Stir every 15 minutes; use a wooden spoon or spatula to break up any large pieces that stick together during baking.
After 1 hour, pour popcorn mixture out onto large sheets of parchment paper. Allow to cool completely before storing.
Notes
Tips for Homemade Cracker Jacks
Dry roasted peanuts can be substituted for Spanish peanuts in this recipe
Store in an airtight container; will keep up to 3 weeks at room temperature and up to 3 months frozen