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Pop popcorn then remove any un-popped kernels, pour the popcorn into a large bowl then set it aside.
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I use my microwave popcorn popper. Just two batches (1/4 cup each) at two minutes each makes approximately 15-16 cups of popped popcorn.
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Add sugar and corn syrup to a medium saucepan then bring to a boil over medium-high heat stirring the mixture frequently. Boil for 2 minutes. Remove the pan from the heat.
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Add peanut butter to the sugar mixture then stir until well combined.
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Pour the peanut butter mixture over the popcorn then gently stir popcorn with a wooden spoon or spatula or large spoon, add peanuts then continue to stir until the Peanut Butter Popcorn is coated.
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Place a sheet of wax paper onto the counter then spread the popcorn onto the wax paper to cool.
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Enjoy