Stir well and then pour over popped corn in a large roaster.
06If you have to put into two large tinfoil buttered roasters, it will be easier to stir in two pans.
07Bake in oven at 250 degrees for one hour, stirring every 15 minutes.
08Pour onto waxed paper and cool.
09Break up into pieces.
10Chocolate Coating:.
11Melt chips, marshmallows, butter and water for about four minutes in the microwave, stirring until smooth.
12You can do this on the stove top too, just melt until very smooth.
13Place the cooled caramel corn and peanuts, if using, in a large roasting pan or on a large cookie sheet, single layer, and drizzle chocolate over lightly. Using a baggy with the corner snipped off, will help drizzling the coating over top.