Day before: In covered double boiler, heat caramels
with water, stirring frequently, till smooth.
In a large bowl, toss popcorn with nuts.
Pour melted caramels over popcorn; toss until well
coated. With buttered hands, form at once into about
17 2 1/2" balls or 35 1 1/4" balls. Insert wooden
skewers, lollipop fashion, if desired. Wrap each in
saran; store at room temperature until served next
day.
