Popcorn Cake I Be The First To Review By Anonymous recipe Comments | 0 Favorites | 18 Print This cake is very colorful, and must be eaten in the same day it is made. Good for kids. Popcorn Cake I Ingredients 1 cup butter32 marshmallows16 cups popped popcorn1 cup small gumdrops (no black ones)1 cup chocolate covered peanuts1 cup candy-coated chocolate pieces Instructions 1 Melt butter and marshmallows in a large heavy pan over low heat. Stir often. 2 Put popcorn into large container. Pour marshmallow mixture over top. Stir to mix well. Add peanuts and candy. Mix together. 3 Pack mixture into greased 10 inch tube pan or 12 cup bundt pan. Let cake set until cool, and turn out onto plate to serve. Cut into wedges for all different size kids.