- 1 (12 ounce) package thick-cut bacon
- 1/2 cup real maple syrup
- 3 quarts popped popcorn
- 2 cups crispy rice cereal squares (such as Rice Chex®)
- 2 cups crispy wheat cereal squares (such as Wheat Chex®)
- 2 cups peanuts
- 2 cups pretzel sticks
- 1 cup butter
- 2 cups brown sugar
- 1/2 cup corn syrup
- 1 teaspoon salt
- 1 teaspoon vanilla extract
- 1/2 teaspoon baking soda
- Line a baking sheet with aluminum foil.
- Arrange bacon slices close together and slightly overlapping onto the prepared baking sheet. Drizzle bacon slices evenly with maple syrup.
- Place the baking sheet in the cold oven; set temperature to 400 degrees F (200 degrees C). Bake until bacon is crisp, about 20 minutes.
- Transfer bacon slices to a paper towel-lined plate to cool. Crumble cooled bacon.
- Reduce oven temperature to 250 degrees F (120 degrees C). Line 2 baking sheets with aluminum foil.
- Lightly mix popcorn, rice cereal, wheat cereal, peanuts, pretzels, and crumbled bacon together in a large bowl. Transfer to the prepared baking sheets.
- Melt butter in a saucepan over medium heat; mix brown sugar, corn syrup, and salt into the melted butter. Cook, stirring constantly, until mixture begins to boil. Boil mixture, without stirring, for 4 minutes.
- Place popcorn mixture in the preheated oven to warm.
- Remove the butter mixture from heat and mix in vanilla extract and baking soda until caramel begins to foam. Drizzle caramel in a thin stream over popcorn mixture, tossing to evenly coat.
- Bake caramel corn in the oven, stirring every 15 minutes, until caramel coating is set, 1 hour. Let caramel corn cool completely before breaking into pieces.