Just like the Lucky Elephant brand pink popcorn you remember eating as a kid. It's easy to make at home, and makes a great healthier Valentine's day treat.
Pop 6 ounces popcorn kernels using an air popper or in a pot. This makes a large amount (about 24 cups) of popcorn, so you may have to do it in 2 batches. Place the popcorn into one or two large bowls and set aside.
Stir 2/3 cup whole milk or half and half, 1 Tablespoon white corn syrup, and 1/4 teaspoon salt together in a small saucepan. Pour 2 cups granulated sugar into the center of the saucepan, being careful not to get any on the sides of the pot. Bring to a boil over medium heat, stirring until sugar is completely dissolved.
Stir occasionally until mixture reaches 230°F on an instant-read or candy thermometer. Remove from heat and stir in 1 teaspoon vanilla and pink food coloring (several drops of red should do, or about 1/2 a toothpick dipped into gel color).
Working quickly, pour sugar mixture evenly over popcorn and stir until the popcorn is evenly coated. Spread popcorn over 2 large baking sheets to dry. Once popcorn is completely dry, store in airtight bags or containers.