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

Melt 1 tablespoon butter - add marshmallows, stirring until melted. Beat in enough powdered sugar to make mixture workable to knead; knead until smooth. Add vanilla and 1/2 cup nuts. Knead using remaining powdered sugar until smooth and shape into a 12 inch roll - on a piece of plastic wrap, place remaining peanuts in a 12 x 14 inch rectangle. Melt caramels with 1 tablespoon butter and water. Pour over peanuts and spread with knife dipped in hot water - when mixture is cool - place marshmallow roll in center. Using the plastic wrap lift caramel around marshmallow center and seal edges pressing peanuts carefully into caramel. Refrigerate. Slice when ready to serve.