Source: Posted by Snixie

8 quarts popped popcorn
1 cup butter
1/2 cup light corn syrup
1 (9 ounce) package red hot candies

Place popcorn in a large bowl and set aside.

In a saucepan, butter, corn syrup and candies; bring to a boil over medium-high heat stirring constantly. Boil for 5 minutes minutes stirring occasionally. Pour over popcorn and mix thoroughly. Turn into two greased 15 x 10 x 1-inch baking pans. Bake at 250 degrees F for 1 hour stirring every 15 minutes. Remove from pans and place on wax paper to cool. Break apart; store in airtight containers.