In medium saucepan over medium heat add honey and sugar and stir well to combine. Bring to a boil and boil for 2 minutes, stirring.
Remove from heat and stir in peanut butter until smooth. Stir in vanilla.
Slowly pour HALF of the warm sauce over the popcorn mix and gently stir to coat. Drizzle more peanut butter sauce, until your desired coating (you may not use it all, depending on preference). Sprinkle in Reese's pieces, if using.
Allow to cool for a few minutes before eating. Enjoy!
Video
Notes
Makes about 10 cups popcorn.Variations:
Fall Party Mix: After coating the popcorn in the peanut butter sauce, throw in pretzels, candy corn and reese's pieces!
Toppings: After coating the popcorn in the peanut butter sauce, try adding some M&M's, Reese's Pieces, chopped Butterfinger, or your favorite chocolate chips!
Chocolate Peanut Butter Popcorn: After the peanut butter popcorn cools, drizzle on melted chocolate then let cool.