28 Kraft Caramels
2 tbsp. water
2 1/2 qts. popped popcorn

Microwave caramels and water in a medium bowl on high for 1 1/2 minutes, stirring after 1 minute and at end. Continue melting caramels in 30 second increments until smooth when stirred. Pour over popcorn, toss until coated. Spread on a cookie sheet, cool and break apart into bite size pieces.