1 lb semi-sweet chocolate chips
1/2 C butter
1 t vanilla, almond, coconut, or orange extract
3 quarts popcorn, popped (about 6 T unpopped)
2 C powdered sugar
2 T cocoa powder
Melt chocolate and butter in a saucepan or in the microwave on low heat. Remove from heat and stir in the extract. Put the popcorn in a large bowl and pour the chocolate mixture over it, stirring to coat it evenly.
In a large paper bag, combine the powdered sugar and cocoa. Dump the popcorn into the bag, fold the top over, and shake it up. Spread it on large sheets of waxed paper to cool.
Peanut butter version:
Use 9 oz chocolate chips
2/3 C smooth peanut butter
1/3 C butter
Vanilla extract only
And leave out the cocoa powder