Ingredients

1 package (16 ounces) miniature marshmallows20 caramels1/4 cup butter, cubed10 cups popped popcorn1-1/2 cups salted peanuts1 cup red, white and blue milk chocolate M&M’s

Preparation

In a microwave-safe bowl, combine the marshmallows, caramels and butter. Microwave, uncovered, on high for 3 minutes or until melted, stirring occasionally. Place the popcorn in a large bowl; pour caramel mixture over popcorn and mix well.

Stir in peanuts and M&M’s. Press into a well-greased 10-in. tube pan. Cool until firm. Remove from pan; cut with a serrated knife.