Cook the first 3 ingreidents ... stirring. Add the condensed milk. Cook just past soft ... and pour over popcorn and add peanuts, if desired. Stir well, enjoy!
Mix in saucepan. Bring slowly ... lukewarm. Add 1 teaspoon vanilla and beat until syrupy. Add to already popped popcorn; mix well to cover all popcorn.
Ingredients: 6 (milk .. popcorn .. salt .. sugar ...)