PREPARATION:
- Combine popcorn, cereal, dried apples and nuts, if desired, in large bowl.
- Place caramels, butter and water in large microwavable bowl; microwave on HIGH 2-1/2 to 3 minutes or until melted and smooth, stirring after each minute.
- Pour caramel mixture over popcorn mixture; toss with buttered wooden spoon to coat. Let set until cool enough to handle.
- Shape mixture into 8 balls with damp hands. Shape balls around cinnamon sticks, if desired. Place on lightly buttered waxed paper until ready to serve.
