Caramel Corn

1 can sweetened condensed milk
2 cups brown sugar packed
1/2 cup butter
1 cup light corn syrup
Dash of salt

Cook all ingredients in heavy saucepan to soft-ball stage (when a small amount dropped in cold water forms a soft ball.) Pour over popcorn until evenly coated. Form into balls (or not). Store in covered container.

We probably popped about 4 to 5 batches (total of 2 to 2 1/2 cups of un-popped popcorn) and it came out just right.