In a large deep roasting pan, combine popcorn and peanuts.
In the top of a double boiler over simmering water, melt coating and peanut butter,
stirring occasionally. Pour over popcorn mixture and stir to coat. Stir gently with
a large spoon until it is not real hot, then use your hands to toss and coat the
Spread evenly on wax paper. Allow to set for about one hour.
Break apart any extremely large chunks and store in an airtight container.