- Heat oven to 250°F.
- Coat 2 shallow baking pans with non-stick cooking spray.
- Mix popcorn and peanuts together in shallow baking pans.
- Divide popcorn mixture evenly among the two pans.
- Set aside.
- In a medium pot, melt together butter, brown sugar, corn syrup and salt.
- Bring to a boil, stirring continuously with a wooden spoon.
- Continue to boil and stir over low heat for 5 minutes.
- Remove from heat and stir in baking soda and vanilla.
- Divide caramel between two medium bowls, add red food coloring to one, green food coloring to the other until you reach desired shades.
- Working very fast, pour one bowl of caramel over one pan of popcorn.
- Toss to coat.
- Repeat with the other bowl of caramel and pan of popcorn.
- Place pans in oven and bake for 45 minutes, rotating pans and stirring each pan with a non-stick spatula every 15 minutes.
- Allow to cool completely, then store in airtight containers.
Serves 30.
Approximate Nutrient Analysis per serving:
220 calories, 13 g fat, 4.5 g saturated fat, 15 mg cholesterol, 250 mg sodium, 26 g carbohydrate, 2 g fiber, 18 g sugar, 3 g protein