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This recipe is from the American Pop Corn Company. The recipe is courtesy of Schaller Popcorn Days, Schaller, Iowa.
1 ˝ qt. popped Jolly TimeŽ popcorn
1 (14 oz.) bag caramels, unwrapped
3 T. half and half
1 T. butter or margarine
1 tsp. rum flavoring
About 48 pecan halves
1/2 C. canned chocolate fudge frosting
Place popped popcorn in a large bowl. In medium saucepan over low heat, heat caramels, half and half and butter until caramels are melted, stirring frequently. Remove from heat. Stir in rum flavoring. Pour caramel mixture over popcorn and toss to coat well. Arrange pecan halves in groups of 3 on a greased baking sheet. Working quickly, spoon-heaping tablespoonful of popcorn mixture onto the center of each pecan group. Spoon frosting into a small saucepan; place over low heat until softened. Spoon over each mound of popcorn. Store in a cool place. Makes about 16.