1/3 cup margarine, melted
1/4 cup confectioners' sugar
1 cup dry roasted peanuts
8 cups popped
Combine margarine and sugar; stir in peanuts. Pour mixture over popcorn; stir to coat popcorn well. Turn mixture onto baking sheet.
Bake at 325 degrees F for 7 to 10 minutes, or until lightly crisp; stir once. Let stand on baking sheet, stirring once or twice as mixture cools.
When thoroughly cool, divide into 8 sandwich bags.