1 c. brown sugar
1/4 c. light corn syrup
1/2 c. butter
1/2 tsp. baking soda
4 qts. popped corn (I use 2 pkgs. IGA microwave popcorn)
2 c. salted peanuts

Cook brown sugar, butter, and corn syrup for 2 1/2 minutes on high in microwave. Stir. Cook for 3 minutes longer on high. (I cook mine a little longer because I have a small microwave and the wattage is lower.) Stir in baking soda.