2 cups sugar
3/4 cup corn syrup
1/4 cup water
3 cups raw peanuts
3 teaspoons baking soda
Pinch of salt

First, butter a large cookie sheet. Mix sugar, water, salt and corn syrup and bring to a boil in a large, heavy saucepan. Add peanuts and cook on high stirring constantly until peanuts begin to pop and mixture appears to start scorching; cook a little longer. Add baking soda (mixture will puff up) and stir vigorously. Pour onto buttered cookie sheet. When cool, break into small pieces and store in airtight container.