Measure out and set aside the popped popcorn in a large mixing bowl. Ensure all kernels are separated for even coating.
In a large saucepan over medium heat, melt the butter, honey, and vanilla extract, stirring constantly. Continue until the mixture is smooth and begins to simmer, about 3-4 minutes, and the aroma of melted butter and vanilla is prominent.
10 cups popped popcorn
Once bubbling and slightly thickened, pour the hot mixture over the popcorn. Use a spatula or wooden spoon to gently fold and coat the popcorn evenly with the glaze.
10 cups popped popcorn
Quickly add the colored candies to the coated popcorn mixture and gently stir to distribute without breaking the candies.
10 cups popped popcorn
Transfer the coated popcorn and candies onto a parchment-lined baking sheet, spreading into an even layer. Allow to cool and set for about 10-15 minutes, until the glaze hardens and the mixture is glossy.
Break into clusters or leave whole and serve once cooled. Enjoy the crunchy, colorful snack with a festive flair.