In an extra-large mixing bowl add the popped popcorn.

In a small saucepan over low heat, melt the chocolate chips and peanut butter together.

Slowly pour the melted chocolate chips and peanut butter over the popcorn.

Using a large spoon, stir the melted mixture into the popcorn until it's evenly coated.

Cover a baking sheet with parchment paper and spread the chocolate peanut butter popcorn evenly onto the sheet. Let cool for 5-10 minutes or until chocolate has set.