Mix popcorn and peanuts together in a large bowl or pan.
Cook molasses and sugar together until the mixture reaches a tempurature of 235 degrees F. on a candy thermometer.
If you don't have a thermometer, test the syrup by letting some drop from a spoon into acup of cold water.
The syrup is done when it forms a thead as it drops into the water.
Pour hot syrup mixture over the popcorn nut mixture and stir to coat evenly.
Cool and break into chunks with a wooden spoon.
Store in an airtight container.
First published: 1996-01-27 last updated: 2012-03-31