Start by popping your popcorn kernels using an air popper or on the stove. If using the stovetop, heat a bit of oil in a large pot, add kernels, cover, and shake until popping slows down. Set the popped popcorn aside in a large bowl.

In a medium saucepan, combine sugar, butter, and corn syrup over medium heat. Stir continuously until the mixture comes to a boil and the sugar dissolves entirely. Allow it to boil without stirring for about 4-5 minutes until it turns a beautiful golden color.

Remove the saucepan from the heat and carefully stir in the baking soda and vanilla extract. The mixture may bubble up, so be cautious!

If you want to add color, divide the caramel mixture into smaller bowls and stir in a few drops of food coloring until you achieve the desired shades.

Pour the caramel over the popcorn in the bowl, tossing gently with a spatula to coat the popcorn evenly. You can add salt at this stage for extra flavor.

Spread the coated popcorn onto a baking sheet lined with parchment paper and allow it to cool completely. The caramel will harden, making it wonderfully crunchy.

Break the popcorn into pieces and serve. Enjoy your colorful, homemade caramel popcorn treats!