2 tbsp. butter, divided
5 oz. marshmallows (1/2 bag)
1 c. powdered sugar
1/4 tsp. vanilla
1 1/2 c. chopped peanuts, divided
7 oz. caramels
1 tbsp. water

Melt 1 tablespoon butter and marshmallows, stirring until melted. Beat in enough powdered sugar to make mix workable to knead. Knead until smooth. Add vanilla and 1/2 cup peanuts. Knead using remaining powdered sugar until smooth. Shape in a 12 inch roll.

On a piece of plastic wrap place remaining 1 cup peanuts in a 4 x 12 inch rectangle.

Melt caramels, 1 tablespoon butter and 1 tablespoon water. Pour over peanuts, when cool place roll in center. Use the plastic wrap to lift caramel and nuts around marshmallow roll. Press peanuts into caramel. I put mine in a cool place, then slice and wrap individually. If you have trouble spreading the caramel pour slowly over the peanuts, drizzle it on.