6 quarts of popped popcorn (usually eyeball by almost filling my large Tupperware bowl; leaving room to stir popcorn with caramel sauce)
2 2/3 cup brown sugar
1 cup light corn syrup
1/2 cup butter
1 can (14 oz.) sweetened condensed milk
Popcorn has been popped and is set aside in a large bowl.
Place brown sugar, corn syrup, and butter in a medium sauce pan. Stir over medium heat until sugar has dissolved and mixture is boiling. Add sweetened condensed milk and cook five minutes, stirring constantly.
Pour caramel over the popped popcorn and stir until it is well-coated. You can eat it right out of the bowl, just don't forget to share. OR you can spread on a nonstick surface to cool and then place in an airtight container. OR you can form into popcorn balls and wrap individually.