1/2 c. sugar
1/2 c. light corn syrup or honey
1/2 c. chunky peanut butter
1/2 tsp. vanilla
3 qt. popcorn (popped)

Pop enough corn to make 3 quarts. Cook sugar and corn syrup to a rolling boil. Remove from heat and add peanut butter and vanilla. Pour over popcorn, stirring to coat.