1/2 of 14 oz. pkg. vanilla caramels
1 tbsp. water
2 tsp. butter
7 c. popped popcorn

Combine caramels, water and butter in 4 cups liquid measuring cup. Microwave 1 1/2 minutes. Stir until smooth. Cook popcorn in microwave oven then pour melted caramel over popcorn; mix well. Then shape into balls.