Sweet & Salty Pink Popcorn! 2 cups sugar, 1 tbsp butter, 1/2 cup water, red food coloring, 2 cups unpopped popcorn or 2 bags microwave popcorn. Boil the sugar, butter, water and food coloring for 3 minutes. Let cool for 10 minutes. Slowly pour the mixture over popcorn and toss to coat evenly. Let dry on a cookie sheet. Enjoy!