-popcorn (Not sure on the amount; I make a potful, probably equivalent to a bagful)
-1 cup jelly
-.75- 1 cup peanut butter (to your taste)
Combine the jelly and peanut butter in a saucepan over medium heat, stir until it starts to bubble slightly and is well mixed.
Pour over the bowl of popcorn and mix until the pb&j is well distributed.