1/4 cup butter or margarine
1/4 cup oil
2 1/2 cups mini marshmallows
20 caramels (I used 1 cup of caramel bits)
1/2 pound salted peanuts (without skins)
10 cups popped corn
1/2 pound M&M's plain candies
In microwave: melt butter, oil, marshmallows and carmels. 1 1/2 - 2 minutes - stir, then 30 more seconds.
Place popcorn in a large bowl. Add melted ingredients and stir together until popcorn is well coated.