01 - Heat oil in a large pot over medium heat. Add popcorn kernels, cover, and shake occasionally until popping slows. Remove from heat. Transfer popped popcorn to a large bowl, discarding any unpopped kernels.
02 - In a medium saucepan, combine sugar, corn syrup, water, butter, and salt. Bring to a boil over medium heat, stirring until sugar dissolves. Continue to boil for 3–4 minutes without stirring until slightly thickened.
03 - Remove from heat and stir in vanilla extract and red food coloring. Adjust color as needed for a rosy pink shade.
04 - Immediately pour the hot glaze over the popcorn. Quickly toss with a spatula or greased hands to coat all kernels evenly.
05 - Spread coated popcorn onto a baking sheet lined with parchment paper. Let cool completely before breaking into clusters and serving.