Pop your popcorn and pour it onto a baking sheet, spreading out the popcorn.
Melt the caramel bits by placing them in a microwave bowl with the water.Heat in the microwave and stir every 30 seconds until melted (it took me about 1 ½ minutes.
Using a spoon, drizzle the caramel all over the popcorn.
While the caramel is still warm, sprinkle on the cashews.The caramel will help the cashews stick to the popcorn.
Melt your chocolate chips in the microwave the same way you did the caramel bits. Drizzle the chocolate onto the popcorn.
Once everything is set and dry, break into pieces and enjoy!