Caramel Popcorn Balls - cooking recipe

Ingredients

2 quarts popped popcorn
3 cups rice cereal
42 caramels
3 Tbsp. water
1 cup salted peanuts
1/8 tsp. salt

Preparation

Combine popcorn and cereal in a large bowl; set aside.
In a heavy saucepan over low heat or in a microwave-safe dish, heat caramels and water until the caramels are melted.
Stir in peanuts and salt; mix well.
Pour over popcorn mixture and toss to coat. With buttered hands, shape into 3-inch balls.