Ingredients
1
bag (14 oz) caramels, unwrapped
1/2
cup butter or margarine, cut into pieces
1/2
cup sweetened condensed milk (not evaporated)
40
paper lollipop sticks
40
large marshmallows
2 1/2
cups cocktail peanuts, chopped
Preparation
In large microwavable bowl, microwave caramels, butter and condensed milk uncovered on High 3 minutes or until caramels can be stirred smooth.
For each pop, insert 1 lollipop stick into 1 end of marshmallow. Spread caramel mixture onto marshmallow, using back of spoon to coat completely; roll marshmallow in peanuts. Place on waxed paper to harden, about 5 minutes.