Melt together peanut butter and chocolate chips in a large microwave-safe bowl. Use short 15-30 second bursts in the microwave to keep the chocolate from scorching.
Add Papa’s Pops Skinless Popcorn and stir to coat.
Put powdered sugar in a large bag. Add chocolate-coated popcorn. Shake to coat.
Allow to set up before serving.
Note: Store in an airtight container at room temperature for up to 4 days.