Step 1: Heat oven to 200ºF. Butter 2 cookie sheets, 15 1/2x12 inches, and keep warm in oven.
Step 2: Mix baking soda, 1 teaspoon water and the vanilla; reserve.
Step 3: Mix sugar, 1 cup water and the corn syrup in 3-quart saucepan.
Step 4: Cook over medium heat, stirring occasionally, to 240ºF on candy thermometer or until small amount of syrup dropped into very cold water forms a soft ball that flattens when removed from water.
Step 5: Stir in butter and peanuts.
Step 6: Cook, stirring constantly, to 300ºF or until small amount of mixture dropped into very cold water separates into hard, brittle threads.
Step 7: Immediately remove from heat. Quickly stir in baking soda mixture until light and foamy.
Step 8: Pour half the candy mixture onto each cookie sheet; quickly spread about 1/4 inch thick. Cool completely, at least 1 hour.
Step 9: Break into pieces.
Step 10: Store in covered container.
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