Step 1: Preheat oven to 300 degrees F.
Step 2: Combine first 4 ingredients (popcorn - pretzels) in a large bowl.
Step 3: Combine the remainder of the ingredients (butter - cayenne)in a cup or bowl.
Step 4: Add butter mixture to popcorn mixture and toss. Transfer to a large roasting pan.
Step 5: Bake, stirring occasionally for 30 minutes or until lightly toasted. Cool completely.
Step 6: Store in an airtight container for up to one week.
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