This is one of my husband's favorite treats! In fact he's the one that makes it! I love this caramel popcorn because it is soft and gooey! Although if you let it sit it hardens up a little. I got the recipe from my neighbor Allison. She likes to use 3 bags of microwave popcorn, instead of the kind you pop yourself. Both work great.
1 cup corn syrup
1 (14 oz) can sweetened condensed milk
1 cube butter
Pop 1 cup dry popcorn and place in a large bowl or pan. In a saucepan, bring sugar and corn syrup to a boil. Add sweetened condensed milk and butter. Boil for 1 minute. Pour over popcorn. Stir and serve.