1 (14 oz.) pkg. caramels
1 (6 oz.) pkg. chocolate chips
1/4 c. water
4 qt. popped popcorn

1. Place caramels, chocolate chips and water in a large, microwave-safe bowl.

2. Microwave on HIGH for 3 minutes or until mixture is smooth. Stir every minute.

3. Place popcorn in a large bowl.

4. Pour caramel mixture over popcorn. Let cool for a few minutes. Toss until well-coated.