Caramel Popcorn Balls

Caramel Popcorn Balls was pinched from <a href="http://www.cooking.com/recipes-and-more/recipes/caramel-popcorn-balls-recipe-6718.aspx?CCAID=cknwfhne05535ah" target="_blank">www.cooking.com.</a>
INGREDIENTS
2 quarts popped popcorn
3 cups crisp rice cereal
42 caramels
3 tablespoons water
1 cup salted peanuts
1/8 teaspoon salt
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